U.S. Markets close in 1 hr 16 mins

Weakness Seen in Intuitive Surgical (ISRG): Stock Tumbles 11.5%

Zacks Equity Research

Intuitive Surgical, Inc. (ISRG) saw a big move last session, as the company’s shares fell by about 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for ISRG, as the stock is now down around 31% since April 3.

This slump shouldn’t be too much of a surprise to investors, as this da Vinci surgical systems manufacturer has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ISRG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the Medical Instruments industry include Delcath Systems, Inc. (DCTH), Accuray Incorporated (ARAY) and Globus Medical, Inc. (GMED). Among these stocks, Delcath holds a Zacks Rank #1 (Strong Buy) and Accuray and Globus hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

INTUITIVE SURGICAL INC (ISRG): Free Stock Analysis Report

DELCATH SYSTEMS INC (DCTH): Free Stock Analysis Report

ACCURAY (ARAY): Free Stock Analysis Report

GLOBUS MEDICAL INC (GMED): Free Stock Analysis Report

Zacks Investment Research