To get ready for earnings season, look for stocks in or near a potential buy range ahead of their next quarterly report. One such company is Intuitive Surgical ( ISRG ). It's expected to report on Jan. 22.
The stock is approximately 5% above a 405.15 buy point from a second-stage flat base .
[ibd-display-video id=2881825 width=50 float=left autostart=true] Be aware that buying close to when a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can reduce your risk by waiting to see how the company reports and how the market reacts.
Top and bottom line growth moved higher last quarter. Earnings were up 34%, compared to 6% in the prior report. Revenue increased from 13% to 18%.
Consensus analyst estimates call for EPS growth of 11% for the quarter, and 17% growth for the full year. Annual growth estimates were recently revised higher.
The company has a 95 Composite Rating and holds the No. 1 rank among its peers in the Medical-Systems/Equipment industry group. Cantel Medical ( CMD ) and Cutera ( CUTR ) are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.