MasterBrand Inc reports results for the quarter ended in December - Earnings Summary

Masterbrand

26/02/2024 22:44

* MasterBrand Inc  MBC.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 52 cents.  The lone analyst forecast for the quarter was
for earnings of 27 cents per share. 
    * Revenue fell 13.7% to $677.10 million from a year ago;
analysts
expected $666.70 million. 
    * MasterBrand Inc shares had risen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is  "hold."

Wall Street's median 12-month price target for MasterBrand Inc
is $17.00 
This summary was machine generated from LSEG data February 26 at
10:43 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
 Dec. 31 2023      0.27           0.34           Beat
 Sep. 30 2023      0.32           0.46           Beat
 Jun. 30 2023      0.31           0.42           Beat
 Mar. 31 2023      0.12           0.28           Beat