Masco Corp reports results for the quarter ended in March - Earnings Summary

Masco

24/04/2024 14:32

* Masco Corp  MAS.N  reported quarterly adjusted earnings of
93
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 87
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 88 cents per share. Wall Street
expected results to range from 85 cents to 92 cents per share.
    * Revenue fell 2.7% to $1.93 billion from a year ago;
analysts
expected $1.94 billion. 
    * Masco Corp's reported EPS for the quarter was 97 cents​.
    * The company reported quarterly net income of $215 million.
    * Masco Corp shares had fallen by 7.4% this quarter and
gained 9.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Masco Corp is
$82.00 
This summary was machine generated from LSEG data April 24 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.88           0.93           Beat
 Dec. 31 2023      0.66           0.83           Beat
 Sep. 30 2023      0.91           1.00           Beat
 Jun. 30 2023      0.96           1.19           Beat