Should You Buy Intuitive Surgical Stock Before Earnings on July 16?
The robotic surgery company has posted earnings beats in its past four quarters. Can it make it five in a row?
Overview
Intuitive Surgical (NASDAQ: ISRG) is scheduled to report earnings after the market closes on July 16. The robotic healthcare stock has suffered so far this year, falling a little more than 30%, despite a strong first-quarter earnings report.
Positioning a trade or an investment right before an earnings report always carries a bit of event risk, but the current setup for Intuitive Surgical presents a compelling bull case.
Details
It's worth noting that the stock has a recent history of earnings beats, bettering analysts' predictions in each of the past four quarters. If Intuitive reports better earnings than the current predictions of $2.81 billion in revenue and $2.48 in earnings per share (EPS), the stock will likely go up. However, it's important to take a longer view of the company's potential if you're planning on investing.
Source
Originally published at www.fool.com.