Analysts expect Intuitive Surgical to report 2023 second-quarter revenue of $1.74 billion, up 2.6% sequentially and by 15.8% year over year. Adjusted EPS are forecast at $1.33, up 8.0% sequentially and 16.7% higher year over year. Estimates for the 2023 fiscal year call for EPS of $5.50, up 17.5%, on sales of $7.15 billion, 14.9%.
The stock trades at 64.6 times expected 2023 EPS, 54.9 times estimated 2024 earnings of $6.46 and 47.0 times estimated 2025 earnings of $7.55 per share. The 52-week trading range is $182.07 to $355.54. The high was posted on Monday. Intuitive Surgical does not pay a dividend, but total shareholder return for the past year was 72.08%.
Schlumberger
The largest U.S.-based oilfield services company, Schlumberger Ltd. (NYSE: SLB), has seen its stock price rise by 72% over the past 12 months, hammering rivals Halliburton (which is up 32%) and Baker Hughes (up 29%) over the period. The company reports quarterly results first thing Friday morning.
Until last Friday, the company had been one of a relative handful of Western countries that had continued to supply services and equipment to Russia following that country’s invasion of Ukraine. In a statement, the company said, “SLB takes its responsibility to comply with export control and economic sanction laws extremely seriously, and the company remains aligned with the international community in condemning and calling for an end to the war in Ukraine.”
Analysts remain solidly bullish on the company. Of 31 brokerages covering the stock, 30 have Buy or Strong Buy ratings. The other one rates the stock at Hold. At a share price of around $57.00, the implied upside based on a median price target of $65.00 is 14%. At the high target of $75.00, the upside potential is 31.6%.
Second-quarter revenue is forecast at $8.21 billion, up 6.2% sequentially and by 21.3% year over year. Adjusted EPS are forecast at $0.71, up 13.2% sequentially and 42.0% higher year over year. For the full 2023 fiscal year, analysts expect Schlumberger to post EPS of $3.01, up 37.9%, on sales of $33.16 billion, up 18%.
Schlumberger shares trade at 19.0 times expected 2023 EPS, 15.3 times estimated 2024 earnings of $3.74 and 12.9 times estimated 2025 earnings of $4.41 per share. The stock’s 52-week range is $32.26 to $62.78. Schlumberger pays an annual dividend of $1.00 (yield of 1.75%). Over the past 12 months, total shareholder return was 73.05%.
Originally published at 24/7 Wall St.
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