Masimo (Nasdaq: MASI ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Masimo beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.
Margins dropped across the board.
Masimo tallied revenue of $122.8 million. The 12 analysts polled by S&P Capital IQ predicted sales of $120.5 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $109.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.27. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.28 per share. GAAP EPS of $0.30 for Q2 were 7.1% higher than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.3%, 240 basis points worse than the prior-year quarter. Operating margin was 18.5%, 170 basis points worse than the prior-year quarter. Net margin was 14.4%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $121.0 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $492.8 million. The average EPS estimate is $1.11.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 168 members out of 176 rating the stock outperform, and eight members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Masimo a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Masimo is hold, with an average price target of $25.06.