Masco (MAS - Free Report) reported $1.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.7%. EPS of $0.93 for the same period compares to $0.87 a year ago.
The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +6.90%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Masco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Plumbing Products: $1.19 billion versus the six-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of -2.5%.
- Net Sales- Decorative Architectural Products: $734 million compared to the $735.59 million average estimate based on six analysts. The reported number represents a change of -3% year over year.
- Operating profit, as adjusted- Plumbing Products: $228 million versus the six-analyst average estimate of $210.27 million.
- Operating profit, as adjusted- Decorative Architectural Products: $125 million compared to the $128.63 million average estimate based on six analysts.
- Operating profit, as reported- Plumbing Products: $226 million versus the two-analyst average estimate of $201.19 million.
- Operating profit, as reported- Decorative Architectural Products: $124 million compared to the $128.56 million average estimate based on two analysts.
View all Key Company Metrics for Masco here>>>Shares of Masco have returned -4.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Masco (MAS - Free Report) reported $1.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.7%. EPS of $0.93 for the same period compares to $0.87 a year ago.
The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +6.90%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Masco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Plumbing Products: $1.19 billion versus the six-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of -2.5%.
- Net Sales- Decorative Architectural Products: $734 million compared to the $735.59 million average estimate based on six analysts. The reported number represents a change of -3% year over year.
- Operating profit, as adjusted- Plumbing Products: $228 million versus the six-analyst average estimate of $210.27 million.
- Operating profit, as adjusted- Decorative Architectural Products: $125 million compared to the $128.63 million average estimate based on six analysts.
- Operating profit, as reported- Plumbing Products: $226 million versus the two-analyst average estimate of $201.19 million.
- Operating profit, as reported- Decorative Architectural Products: $124 million compared to the $128.56 million average estimate based on two analysts.
View all Key Company Metrics for Masco here>>>Shares of Masco have returned -4.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Get the latest research report on MAS - FREE