Masco Corporation (NYSE:MAS) is one of the leading cabinetry manufacturers in the United States. and holds one of the largest shares in faucets. Its popular brands include KraftMaid and Merillat cabinets, Delta and Hansgrohe faucets, Behr paint, and Milgard windows.
Investors should note earnings estimate for Masco has remained stable for the quarter, in the last 60 days. The home improvement and building products company has posted positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.2%.
Currently, Masco has a Zacks Rank #3 (Hold), but that could definitely change following Masco’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Masco missed on earnings. The Zacks Consensus Estimate called for EPS of 53 cents and the company reported EPS of 50 cents instead.
Masco Corporation Price and EPS Surprise
Revenues: Masco reported revenues of $1.94 billion, missing the consensus estimate of $1.96 billion.
Share Price Movement: At the time of writing, the stock price of Masco was down 5.3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this MAS earnings report later.
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Masco Corporation (MAS): Free Stock Analysis Report
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