Masimo Corp reports results for the quarter ended in June - Earnings Summary

Masimo

06/08/2024 23:23

* Masimo Corp  MASI.OQ  reported quarterly adjusted earnings
of 86
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 62
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 76 cents per share. Wall Street expected
results to range from 73 cents to 79 cents per share.
    * Revenue rose 9% to $496.30 million from a year ago;
analysts
expected $493.56 million. 
    * Masimo Corp's reported EPS for the quarter was 29 cents​.
    * The company reported quarterly net income of $16 million.
    * Masimo Corp shares had fallen by 16.8% this quarter and
lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Masimo Corp is
$160.00 
This summary was machine generated from LSEG data August 6 at
10:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.76           0.86           Beat
 Mar. 31 2024      0.69           0.77           Beat
 Dec. 31 2023      0.88           1.06           Beat
 Sep. 30 2023      0.59           0.63           Beat