Although the revenue and EPS for Masco (MAS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Masco (MAS) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.83 per share a year ago.
The fourth-quarter 2024 results of MAS are likely to reflect mixed contributions from two reportable segments. Dive in to know more about the stock ahead of earnings.
Evaluate the expected performance of Masco (MAS) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Masco (MAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Owens Corning (OC) and Masco (MAS). But which of these two companies is the best option for those looking for undervalued stocks?
Jefferies analyst Philip Ng downgraded Masco to Hold from Buy with a price target of $89, down from $96. The firm says that in a low growth environment and likely softer first half of 2025 in residential, it is "picking our spots" and downgrading some building products names as part of a 2025 outlook. Jefferies' contacts are calling for flat to low single-digit volume growth in new residential and remove and replace, but there isn't a strong consensus if one end market will outperform, the analyst tells investors in a research note. The firm says its contacts believe mortgages rates need to be in the 5.5% to less than 6% range for demand to accelerate, but that Trump's policies are likely to be inflationary, so it expect rates to stay "higher for longer".
Masco (MAS) reported earnings 30 days ago. What's next for the stock?
MAS' third-quarter 2024 results benefit from operational improvements. Yet, challenged market demand ails the top line.
Masco Corporation (NYSE:MAS ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Keith Allman - President, Chief Executive Officer Rick Westenberg - Vice President, Chief Financial Officer Robin Zondervan - Vice President, Investor Relations, FP&A of Masco Corp Conference Call Participants Susan Maklari - Goldman Sachs Andrew Azzi - JPMorgan Aatish Shah - Evercore ISI Trevor Allinson - Wolfe Research Spencer Kaufman - UBS Matthew Bouley - Barclays Phil Ng - Jefferies Keith Hughes - Truist Garik Shmois - Loop Capital Operator Good morning ladies and gentlemen. Welcome to Masco Corporation's Third Quarter 2024 Conference Call.
Although the revenue and EPS for Masco (MAS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Masco (MAS) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1 per share a year ago.