Masimo Revises FY24 Revenue Forecast From $2.045B-$2.165B To $2.055B-$2.165B (Est $2.102B); Adj EPS From $3.44 - $3.60 To $3.54 - $3.70 (Est $3.52)
Portfolio Pulse from Benzinga Newsdesk
Masimo has updated its FY24 revenue forecast to $2.055B-$2.165B, slightly higher than its previous forecast of $2.045B-$2.165B, with an estimated midpoint of $2.102B. The company also raised its adjusted EPS forecast from $3.44-$3.60 to $3.54-$3.70, against an estimated $3.52.
May 07, 2024 | 8:57 pm
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POSITIVE IMPACT
Masimo raises FY24 revenue and adjusted EPS forecasts, indicating a positive outlook on its financial performance.
The upward revision in both revenue and EPS forecasts by Masimo suggests a stronger than expected financial performance and operational efficiency. This positive adjustment is likely to instill investor confidence and could lead to a short-term uptick in MASI's stock price, as it beats market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100