Masimo Earnings: Everything You Must Know Now

Masimo Corporation (NASDAQ:MASI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Masimo Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.30 in the quarter as EPS of $0.30 in the year-earlier quarter.

Revenue: Rose 11.92% to $137.42 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Masimo Corporation reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $136.36 million.

Quoting Management: Joe Kiani, Chairman and Chief Executive Officer of Masimo, said, “Our financial performance was strong due to the increase in demand for our breakthrough technologies that have been shown to improve care, reduce cost and increase patient safety. The strong second quarter shipments are indicative of the demand for our innovations.”

Key Stats (on next page)…

EPS increased 7.14% from $0.28 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 profit of $0.27 and has not changed. For the current year, the average estimate has moved down from a profit of $1.15 to a profit of $1.14 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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