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Masco (MAS) Beats on Q1 Earnings & Revenue Estimates
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Masco Corporation (MAS - Free Report) is one of the leading cabinetry manufacturers in the U.S. 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 moved downward by 2.8% in the last 30 days. The home improvement and building products company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 6.25%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Masco beats on earnings. Our consensus estimate called for EPS of 35 cents and the company reported EPS of 41 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: Masco reported revenues of $1.78 billion, beating our consensus estimate of $1.75 billion.
Key Stats to Note: Cabinetry Products’ net sales decreased 2% due to the exit of lower margin business in the builder channel.
Check back later for our full write up on this MAS earnings report later.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Masco (MAS) Beats on Q1 Earnings & Revenue Estimates
Masco Corporation (MAS - Free Report) is one of the leading cabinetry manufacturers in the U.S. 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 moved downward by 2.8% in the last 30 days. The home improvement and building products company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 6.25%.
Currently, Masco has a Zacks Rank #4 (Sell), but that could definitely change following Masco’ 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 beats on earnings. Our consensus estimate called for EPS of 35 cents and the company reported EPS of 41 cents instead. Investors should note that these figures take out stock option expenses.
Masco Corporation Price and EPS Surprise
Masco Corporation Price and EPS Surprise | Masco Corporation Quote
Revenues: Masco reported revenues of $1.78 billion, beating our consensus estimate of $1.75 billion.
Key Stats to Note: Cabinetry Products’ net sales decreased 2% due to the exit of lower margin business in the builder channel.
Check back later for our full write up on this MAS earnings report later.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>