MAKO Surgical Earnings: Here’s Why Investors are Excited Now

MAKO Surgical Corp. (NASDAQ:MAKO) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 8.21%.

MAKO Surgical Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.42 in the quarter versus EPS of $-0.20 in the year-earlier quarter.

Revenue: Rose 19.09% to $28.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MAKO Surgical Corp. reported adjusted EPS loss of $0.42 per share. By that measure, the company missed the mean analyst estimate of $-0.21. It missed the average revenue estimate of $28.85 million.

Quoting Management: “We are pleased that our programs implemented in the first quarter to drive utilization and system sales are beginning to show positive business results,” said Maurice R. Ferre, M.D., President and Chief Executive Officer of MAKO. “Additionally, the recently released favorable data on both knee and hip MAKOplasty provides continuing support for the clinical value proposition of our procedures.”

Key Stats (on next page)…

Revenue increased 13.66% from $24.81 million in the previous quarter. EPS increased to $-0.42 in the quarter versus EPS of $-0.21 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.12 and has not changed. For the current year, the average estimate has moved down from a loss of $0.52 to a loss of $0.6 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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