Intuitive Surgical (ISRG) is set to report Q2 results today after the close with a call to follow at 4:30pm ET.

Current CapitalIQ consensus for adjusted EPS is $0.49 and for revenue it's $636.8 mln.

ISRG is a supplier of robotic-assisted surgery equipment, all eyes will be on how the pandemic is impacting ISRG's business.

TECHS:

In terms of ISRG's history relative to consensus, the company typically reports upside as it has in each of the past four quarters, with double digit EPS beats each time.

Investors may just view Q2 as a kitchen sink type of quarter and focus more on ISRG's qualitative outlook in terms of when the company sees itself coming out on the other side.

Intuitive Surgical beats by $0.59, beats on revs

• Reports Q2 (Jun) earnings of $1.11 per share, excluding non-recurring items, $0.59 better than the S&P Capital IQ Consensus of $0.52; revenues fell 22.5% year/year to $852.1 mln vs the $631.73 mln S&P Capital IQ Consensus.

  • Worldwide da Vinci procedures decreased approximately 19% yr/yr, primarily as a result of the significant disruption caused by the COVID-19 pandemic.

  • Co shipped 178 da Vinci Surgical Systems, a decrease of 35% yr/yr.

• COVID-19 Update: During 1H20, co experienced a significant decline in procedure volume and postponements of system placements, as healthcare systems around the world diverted resources to meet the increasing demands of managing COVID-19. In the US, while da Vinci procedures recovered a significant portion of the pre-COVID-19 levels, the resurgence of COVID-19 in some states has, and will likely continue to, adversely impact the Company's procedure volumes.

• Due to the continued uncertainty around the scope and duration of the pandemic and the timing of global recovery and economic normalization, co cannot, at this time, reliably estimate the future impact on our operations and financial results.

If you liked this content please click the ❤️ below and/or share this post.

TOTALLY FREE Trading Packet!

Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.

This packet will explain to you in depth how I trade and how I manage my risk.

I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.

SHAMLESS PLUGS

CLICK HERE TO CHECK OUT MY 2020 PREVIEW OPINION PACKET. OVER 140 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.

Check out the latest episodes on my YouTube above and SoundCloud channel below.