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Masco (MAS) Q2 Earnings Meet Estimates, Revenues Lag
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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 remained stable for 2017, while it moved upward by 0.5% for 2018 in the last 7 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 3.53%.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
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Masco (MAS) Q2 Earnings Meet Estimates, Revenues Lag
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 remained stable for 2017, while it moved upward by 0.5% for 2018 in the last 7 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 3.53%.
Currently, Masco has a Zacks Rank #2 (Buy), 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 meets on earnings. Our consensus estimate called for EPS of 60 cents and the company reported EPS of 60 cents instead.
Revenues: Masco reported revenues of $2,057 million, missing our consensus estimate of $2,070 million.
Check back later for our full write up on this MAS earnings report later.
Masco Corporation Price and EPS Surprise
Masco Corporation Price and EPS Surprise | Masco Corporation Quote
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>