Financial News

What To Expect From Masco’s (MAS) Q3 Earnings

MAS Cover Image

Home-building design and manufacturing company Masco Corporation (NYSE:MAS) will be reporting results tomorrow before market hours. Here’s what to expect.

Masco met analysts’ revenue expectations last quarter, reporting revenues of $2.09 billion, down 1.7% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ operating margin estimates but a miss of analysts’ organic revenue estimates.

Is Masco a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Masco’s revenue to grow 1.2% year on year to $2.00 billion, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share.

Masco Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Masco has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Masco’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Lennox reported revenues up 9.6%, topping estimates by 5.9%. Simpson traded down 5.5% following the results while Lennox was up 4.3%.

Read our full analysis of Simpson’s results here and Lennox’s results here.

Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Masco is down 4% during the same time and is heading into earnings with an average analyst price target of $85.14 (compared to the current share price of $80.61).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback