Masimo (MASI) Q4 Earnings Beat Estimates, View Impressive
Zacks Investment Research | Feb 20, 2020 09:10PM ET
Masimo Corporation (NASDAQ:MASI) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 91 cents, which surpassed the Zacks Consensus Estimate of 71 cents. Earnings improved 12.3% from the year-ago quarter.
The Zacks Rank #4 (Sell) company’s revenues improved 10.9% year over year to $247.5 million and beat the Zacks Consensus Estimate of $243 million.
2019 Results at a Glance
Masimo’s full-year revenues totaled $937.8 million, up 9.3% year over year.
Adjusted EPS was $3.22, which rose 21.5%.
Product revenues were $936.4 million (99.8%), while Royalty and Other revenues totaled $1.4 million (0.2%).
Segmental Analysis
Product Revenues
Product revenues in the fourth quarter totaled $247.4 million, up 11.8% from the year-ago quarter and 12% at constant currency (cc). Per management, shipments of non-invasive technology boards and monitors increased 1.8% to 61,400 in the quarter.
Royalty and Other Revenues
Revenues at the segment totaled $0.1 million, significantly down from the year-ago quarter’s $1.7 million.
Masimo Corporation Price, Consensus and EPS Surprise
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Stryker reported fourth-quarter 2019 adjusted EPS of $2.49, outpacing the Zacks Consensus Estimate by 1.2%. Fourth-quarter reported revenues of $4.13 billion surpassed the Zacks Consensus Estimate by 0.7%. The company carries a Zacks Rank #2 (Buy).
Accuray reported second-quarter fiscal 2020 adjusted EPS of a penny against the Zacks Consensus Estimate of a loss of 7 cents. Net revenues of $98.8 million outpaced the Zacks Consensus Estimate by 0.3%. The company sports a Zacks Rank #1.
IDEXX Laboratories reported fourth-quarter 2019 adjusted EPS of $1.04, which beat the Zacks Consensus Estimate of 91 cents by 14.3%. Revenues were $605.4 million, surpassing the Zacks Consensus Estimate by 0.9%. The company carries a Zacks Rank of 2.
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