Masimo Boosts FY23 Adj. EPS Outlook
(RTTNews) - Technology company Masimo Corp. (MASI) announced Wednesday select preliminary financial results for the fourth quarter and full-year ended December 30, 2023 and provided estimates for its full-year 2024 guidance.
For the fourth quarter, the company now expects consolidated revenue between $541 million and $551 million, compared to the prior outlook of between $526 million and $576 million.
On average, eight analysts polled by Thomson Reuters expect the company to report revenues of $536.91 million for the quarter.
For fiscal 2023, the company now sees earnings in a range of $1.34 to $1.54 per share and adjusted earnings in a range of $3.39 to $3.59 per share on consolidated revenue between $2.041 billion and $2.051 billion.
Previously, the company expected earnings in a range of $1.34 to $1.54 per share and adjusted earnings in a range of $2.85 to $3.05 per share on consolidated revenue between $2.025 billion and $2.075 billion.
Analysts expected earnings of $2.91 per share on revenues of $2.04 billion for the year.
Looking ahead to fiscal 2024, the company now projects earnings in a range of $1.91 to $2.08 per share and adjusted earnings in a range of $3.44 to $3.60 per share on consolidated revenue between $2.045 billion and $2.165 billion, with Healthcare revenue between $1.345 billion and $1.385 billion as well as Non-healthcare revenue between $700 million and $780 million.
The Street is looking for earnings of $3.08 per share on revenues of $2.09 billion for the year.
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