S&P 500 earnings slate spotlights Intuitive Surgical, Morgan Stanley on estimate-beat track records

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S&P 500 earnings highlights

Highlights

Intuitive Surgical has beaten earnings estimates 89% of the time and shares rise 2.58% on average post-earnings, with BMO initiating coverage at outperform.
Consensus price targets for Intuitive Surgical imply 38% upside, with 23 of 34 analysts rating the stock buy or strong buy, per LSEG data.
Morgan Stanley beats estimates 80% of the time, Bank of America raises its Q2 earnings forecast to $2.81 per share and price target to $250, implying 12% upside.

Companies with strong earnings surprise records

As reported by CNBC Pro, citing data from Bespoke Investment Group, the upcoming reporting calendar includes companies that beat analysts’ estimates at least 65% of the time and whose shares rise at least 1% after earnings.

Intuitive Surgical leads the group, topping estimates 89% of the time and posting an average 2.58% gain afterward. The maker of robotic surgical systems also draws fresh support from BMO Capital Markets, which initiates coverage this week with an outperform rating and describes it as one of the top stocks in the sector.

BMO analyst Vik Chopra says the company benefits from a deepening data-driven moat, rising procedural growth and the Da Vinci platform’s cycle of utilization, revenue and data. He adds that the dV5 upgrade cycle is still in its early stages, procedure growth is expanding into new specialties and geographies, and recurring revenue makes up more than 80% of the mix, supporting a durable and visible earnings stream.

Analyst support and market implications

Broader Wall Street sentiment on Intuitive Surgical also remains constructive. According to LSEG data cited in the report, 23 of 34 analysts rate the stock buy or strong buy, while consensus price targets imply 38% upside from current levels.

Morgan Stanley also appears on the list, with a record of beating analyst expectations 80% of the time and gaining 1.07% on average after earnings releases. This week, Bank of America raises its second-quarter earnings estimate for the investment bank to $2.81 per share from $2.71 and lifts its price target to $250, implying more than 12% upside.

Bank of America analyst Ebrahim Poonawala points to momentum in wealth management, opportunities in fixed income, currencies and commodities trading, and continued strength in the bank’s Asia franchise. The upcoming earnings reports from names including Bank of America, Goldman Sachs and Netflix are likely to shape early sentiment for the broader reporting season.

In our earlier analysis of Netflix (NFLX), we highlighted the stock’s bearish technical setup as it traded below key moving averages, alongside management’s consideration of live TV channels and bundles to counter softer engagement. We also noted that Netflix’s scheduled Q2 2026 earnings release on July 16 could act as a near-term catalyst, with key resistance and support levels framing the immediate risk range.

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