Leading provider of robotic-assisted surgery, Intuitive Surgical, Inc. (ISRG - Free Report) announced that it expects fourth-quarter 2016 revenues of approximately $757 million, reflecting an increase of approximately 12% from $677 million in the fourth quarter of 2015. The upside will come primarily from da Vinci procedure growth. Over the past one year, Intuitive Surgical registered a return of almost 21.
Stock-Callers is currently reviewing the following Medical Appliances and Equipment equities: Wright Medical Group N.V. (NASDAQ: WMGI), Varian Medical Systems Inc. (NYSE: VAR), MiMedx Group Inc. (NASDAQ: MDXG), and NuVasive Inc. (NASDAQ: NUVA). These companies belong to the Healthcare sector which fell back to a negative finish on Thursday, January 12th, 2017, with the NYSE Health Care Index falling about 0.
Betting on bargain stocks that have a low price-to-earnings (P/E) ratio is a convenient and common investment approach. The perception is that the lower the P/E, the higher is the value of the stock. This inference is drawn on the simple logic that a stock’s current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run.
ResMed Inc. (RMD - Free Report) is slated to report second-quarter fiscal 2017 results, after market close on Jan 23.