Intuitive Surgical Braces For Q1 Check-Up As Bears Crowd The Operating Room

Intuitive Surgical Inc ISRG will report its first-quarter earnings after the market closes on Tuesday. Wall Street expects earnings per share of $1.72 and revenue of $2.19 billion for the quarter.

The stock has been up 28.54% over the past year, but it's been feeling pressure lately. That’s down 9.5% year to date, and 8.77% over the past month.

Let's examine the charts for ISRG stock and how it currently compares to Wall Street expectations.

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ISRG Stock Bearish Ahead Of Q1 Earnings

ISRG stock's charts look anything but healthy right now.

Chart created using Benzinga Pro

ISRG stock, at $476.71, significantly below all major simple moving averages (SMAs)- its eight-day, 20-day, 50-day, and even the long-term 200-day SMA.

Specifically, the 20-day average sits at $489.41, and the 50-day at $523.70, both well above the current price. With the Moving Average Convergence Divergence (MACD) at a negative 10.71 and a Relative Strength Index (RSI) of 44.18, ISRG stock is showing weak momentum with more room to fall before reaching oversold territory.

For investors, this means caution may be warranted ahead of earnings. If the company misses expectations or guidance disappoints, the bearish momentum could accelerate.

On the flip side, a strong beat and confident outlook might act as a defibrillator – reviving short-term sentiment and sparking a technical reversal.

In either case, the charts suggest ISRG stock will need a big catalyst to break out of its recent downtrend.

Intuitive Surgical Stock Analysts See 32% Upside

Despite technical weakness, analysts are staying long on the robot surgeon. The consensus rating is Buy, with an average price target of $504.31. Notably, the most recent bullish calls – from Baird and Truist Securities – imply an upside of 32.02%, with a combined average target of $623.67.

Price Action: ISRG stock was trading at $475.11 at the time of publication.

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