Earnings Preview for Intuitive Surgical: Analysts Anticipate Strong Growth

On Monday after the closing bell, Intuitive Surgical

is expected to release its quarterly earnings results. Last week, the stock rose a little less than 0.50 percent to just above $508 heading into Monday's report. At current levels, the company has a market cap of roughly $20 billion.

Wall Street analysts have consensus earnings per share estimates of $4.09. This implies year over year growth of around 9 percent versus the $3.75 that Intuitive Surgical reported last year. The high earnings estimate on the Street is $4.62 with a low estimate of $3.96. Given the wide range of estimates, the stock could be volatile in the wake of the results, particularly if the company's earnings surprise significantly either to the upside or downside. Revenues are expected to be $584.36 million, which implies year over year growth of 11.90 percent. In last year's corresponding quarter, Intuitive Surgical reported revenue of $496.80 million. The high estimate is $603.20 million with a low estimate of $566.00 million.

Earnings estimates have risen four cents over the last three months from $4.05 to the current estimate of $4.09. Estimates have also been rising for the current quarter, going from $3.95 to $4.07. Over the last 90 days, ISRG has fallen a little less than 6 percent. Over the last year, the stock is up roughly 14 percent. For the fiscal year, analysts are estimating that Intuitive Surgical will report earnings growth of 20.50 percent and revenue growth of 22.50 percent.