Analysts estimate that Masimo will report an earnings per share (EPS) of $0.84.
Anticipation surrounds Masimo's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
Last quarter the company beat EPS by $0.10, which was followed by a 11.29% increase in the share price the next day.
Here's a look at Masimo's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.76
0.69
0.86
0.59
EPS Actual
0.86
0.66
1.25
0.63
Price Change %
11.0%
-12.0%
-1.0%
4.0%
Market Performance of Masimo's Stock
Shares of Masimo were trading at $144.22 as of November 01. Over the last 52-week period, shares are up 80.19%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analyst Insights on Masimo
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Masimo.
The consensus rating for Masimo is Buy, based on 2 analyst ratings. With an average one-year price target of $167.5, there's a potential ...
