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Masco Corporation (MAS - Free Report) is one of the leading cabinetry manufacturers in the United States. 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 the quarter, in the last 60 days. The home improvement and building products company has posted positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.2%.
Revenues: Masco reported revenues of $1.94 billion, missing the consensus estimate of $1.96 billion.
Share Price Movement: At the time of writing, the stock price of Masco was down 5.3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this MAS earnings report later.
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Masco (MAS) Misses Q3 Earnings & Revenue Estimates
Masco Corporation (MAS - Free Report) is one of the leading cabinetry manufacturers in the United States. 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 the quarter, in the last 60 days. The home improvement and building products company has posted positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.2%.
Currently, Masco has a Zacks Rank #3 (Hold), but that could definitely change following Masco’s 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 missed on earnings. The Zacks Consensus Estimate called for EPS of 53 cents and the company reported EPS of 50 cents instead.
Masco Corporation Price and EPS Surprise
Masco Corporation Price and EPS Surprise | Masco Corporation Quote
Revenues: Masco reported revenues of $1.94 billion, missing the consensus estimate of $1.96 billion.
Share Price Movement: At the time of writing, the stock price of Masco was down 5.3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this MAS earnings report later.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>