Masterbrand Inc reports results for the quarter ended in September 30 - Earnings Summary

Masterbrand

06/11/2024 04:34

* Masterbrand Inc  MBC.N  reported quarterly adjusted
earnings of
40 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 46 cents.  The lone analyst forecast for the quarter was
for earnings of 34 cents per share. 
    * Revenue rose 6% to $718.10 million from a year ago;
analysts
expected $724.70 million. 
    * Masterbrand Inc shares had fallen by 4.9% this quarter and
gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19%
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 $20.00 
This summary was machine generated from LSEG data November 6 at
04:34 a.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      0.34           0.40           Beat
 Jun. 30 2024      0.41           0.45           Beat
 Mar. 31 2024      0.26           0.29           Beat
 Dec. 31 2023      0.27           0.34           Beat