MAKO Surgical Earnings: Here’s Why Investors are Selling Shares 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 down 1.06%.
MAKO Surgical Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.21 in the quarter versus EPS of $-0.28 in the year-earlier quarter.
Revenue: Rose 26.32% to $24.81 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MAKO Surgical Corp. reported adjusted EPS loss of $0.21 per share. By that measure, the company missed the mean analyst estimate of $-0.19. It missed the average revenue estimate of $24.82 million.
Quoting Management: “The first quarter is typically a slower quarter for MAKO, and our first quarter results were in line with our expectations,” said Maurice R. Ferre, M.D., President and Chief Executive Officer of MAKO. “The initial results of our programs designed to drive utilization and system sales are encouraging, and I remain confident in our outlook for 2013.”
Key Stats (on next page)…
Revenue decreased 17.93% from $30.23 million in the previous quarter. EPS decreased to $-0.21 in the quarter versus EPS of $-0.13 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.13 to a loss $0.15. For the current year, the average estimate has moved down from a loss of $0.46 to a loss of $0.52 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)