The 10-second takeaway
For the quarter ended Dec. 31 (Q4), MAKO Surgical missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP loss per share dropped.
Margins dropped across the board.
MAKO Surgical reported revenue of $30.2 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $31.4 million on the same basis. GAAP reported sales were 8.1% lower than the prior-year quarter's $32.9 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 -$0.13. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.11 per share. GAAP EPS were -$0.13 for Q4 versus -$0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.0%, 110 basis points worse than the prior-year quarter. Operating margin was -19.6%, 250 basis points worse than the prior-year quarter. Net margin was -19.0%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $26.2 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $131.8 million. The average EPS estimate is -$0.50.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,181 members out of 1,222 rating the stock outperform, and 41 members rating it underperform. Among 275 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 266 give MAKO Surgical a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MAKO Surgical is hold, with an average price target of $17.43.
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