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Masco (MAS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, Masco (MAS - Free Report) reported revenue of $1.98 billion, down 10.1% over the same period last year. EPS came in at $0.87, compared to $0.95 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.92 billion, representing a surprise of +3.13%. The company delivered an EPS surprise of +33.85%, with the consensus EPS estimate being $0.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $1.22 billion versus $1.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
Net sales- Decorative Architectural Products: $757 million compared to the $751.17 million average estimate based on five analysts. The reported number represents a change of -10.1% year over year.
Operating profit, as adjusted- Decorative Architectural Products: $133 million versus $107.60 million estimated by five analysts on average.
Operating profit, as adjusted- Plumbing Products: $202 million versus the five-analyst average estimate of $164.54 million.
Shares of Masco have returned +4.6% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Masco (MAS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Masco (MAS - Free Report) reported revenue of $1.98 billion, down 10.1% over the same period last year. EPS came in at $0.87, compared to $0.95 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.92 billion, representing a surprise of +3.13%. The company delivered an EPS surprise of +33.85%, with the consensus EPS estimate being $0.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $1.22 billion versus $1.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Net sales- Decorative Architectural Products: $757 million compared to the $751.17 million average estimate based on five analysts. The reported number represents a change of -10.1% year over year.
- Operating profit, as adjusted- Decorative Architectural Products: $133 million versus $107.60 million estimated by five analysts on average.
- Operating profit, as adjusted- Plumbing Products: $202 million versus the five-analyst average estimate of $164.54 million.
View all Key Company Metrics for Masco here>>>Shares of Masco have returned +4.6% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.