Why Masimo (MASI) Could Beat Earnings Estimates Again

Core Insights - Masimo (MASI) has consistently surpassed earnings estimates, averaging a beat of 18.74% over the last two quarters [1][5] - In the most recent quarter, Masimo reported earnings of $1.80 per share, exceeding the expected$1.49 per share by 20.81% [2] - The previous quarter also saw Masimo outperforming estimates, reporting $0.98 per share against an expectation of$0.84 per share, a surprise of 16.67% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Masimo, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - Masimo currently holds an Earnings ESP of +0.64%, suggesting analysts are optimistic about the company's earnings prospects [8] Zacks Rank and Earnings ESP - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) indicates a high probability of another earnings beat for Masimo [8] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces the predictive power of the metric [8]