Masimo Corporation Sees Q1 2024 Adj. EPS $0.67-$0.74 Vs $0.73 Est.; Revenue $476M-$501M Vs $514.380M Est.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation projects its Q1 2024 adjusted EPS to be between $0.67 and $0.74, compared to the estimated $0.73. The company also forecasts revenue to range from $476M to $501M, which is below the estimated $514.380M.
February 27, 2024 | 10:36 pm
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Masimo Corporation projects lower-than-expected Q1 2024 earnings and revenue, with adjusted EPS between $0.67-$0.74 and revenue of $476M-$501M.
The projected earnings and revenue for Masimo Corporation in Q1 2024 are below analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The adjusted EPS is slightly below the estimate, and the revenue forecast misses the estimate by a significant margin, indicating potential challenges in the company's financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100