Masimo Corp reports results for the quarter ended in September 30 - Earnings Summary

Masimo

06/11/2024 04:34

* Masimo Corp  MASI.OQ  reported quarterly adjusted earnings
of 86
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 63 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 84 cents per share. Wall Street
expected results to range from 81 cents to 85 cents per share.
    * Revenue rose 5.4% to $504.60 million from a year ago;
analysts
expected $502.67 million. 
    * Masimo Corp's reported EPS for the quarter was 18 cents​.
    * The company reported quarterly net income of $9.8 million.
    * Masimo Corp shares had risen by 10.5% this quarter and
gained 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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
$170.00 
This summary was machine generated from LSEG data November 6 at
04:34 a.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
 Sep. 30 2024      0.84           0.86           Beat
 Jun. 30 2024      0.76           0.86           Beat
 Mar. 31 2024      0.69           0.77           Beat
 Dec. 31 2023      0.88           1.06           Beat