Masco Corp reports results for the quarter ended in September 30 - Earnings Summary

Masco

29/10/2024 14:14

* Masco Corp  MAS.N  reported quarterly adjusted earnings of
$1.08​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.00.  The mean expectation of nineteen analysts for the
quarter was for earnings of $1.08 per share. Wall Street
expected results to range from $1.04  to $1.12 per share.
    * Revenue rose 0.2% to $1.98 billion from a year ago;
analysts
expected $2.00 billion. 
    * Masco Corp's reported EPS for the quarter was 77 cents​.
    * The company reported quarterly net income of $167 million.
    * Masco Corp shares had fallen by 2.7% this quarter and
gained 21.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
86.50 
This summary was machine generated from LSEG data October 29 at
02:14 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
 Sep. 30 2024      1.08           1.08           Met
 Jun. 30 2024      1.18           1.20           Beat
 Mar. 31 2024      0.88           0.93           Beat
 Dec. 31 2023      0.66           0.83           Beat