Masimo Sees Q4 2023 EPS $0.74-$0.94 Vs $1.34 Est.; Revenue $526M-$576M Vs $613.17M Est.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation (MASI) has projected its Q4 2023 earnings per share (EPS) to be between $0.74 and $0.94, which is lower than the estimated $1.34. The company also expects its revenue to be between $526M and $576M, falling short of the estimated $613.17M.
November 07, 2023 | 10:19 pm
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NEGATIVE IMPACT
Masimo's lower than expected Q4 2023 EPS and revenue projections may negatively impact its stock price in the short term.
Companies' stock prices often react to their earnings projections. In this case, Masimo's lower than expected EPS and revenue forecasts for Q4 2023 may lead investors to sell their shares, potentially driving down the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100