ISRG is expected to report third quarter earnings tonight after the close. There is a conference call scheduled for 16:30 (the company typically provides metric guidance on the conference call). 

Q3 Capital IQ consensus calls for EPS of $1.99 (versus $2.06 last year) on revenue of $753.3 mln (+10.3% YoY).

Options Activity

Based on ISRG options, the current implied volatility stands at ~ 31%, which is 95% higher than historical volatility (over the past 30 days). Based on the October ISRG $350.00 straddle, the options market is currently pricing in a move of ~5% in either direction by October expiration (Friday).


ISRG shares have outperformed the Nasdaq YTD with ISRG rising by 67% vs 22% gain in the index. ISRG tends to have 4-6% reactions to earnings. On a positive report, look for resistance near the $362 area, while support sits near $346.