Wall Street analysts expect Masco (MAS) to post quarterly earnings of $0.92 per share in its upcoming report, which indicates a year-over-year decline of 1.1%. Revenues are expected to be $1.84 billion, down 4.7% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Masco metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Plumbing Products' will reach $1.18 billion. The estimate indicates a year-over-year change of -1.1%.
According to the collective judgment of analysts, 'Net Sales- Decorative Architectural Products' should come in at $665.29 million. The estimate points to a change of -9.4% from the year-ago quarter.
Analysts predict that the 'Operating profit, as adjusted- Plumbing Products' will reach $220.91 million. The estimate is in contrast to the year-ago figure of $228 million.
The consensus among analysts is that 'Operating profit, as adjusted- Decorative Architectural Products' will reach $117.35 million. Compared to the current estimate, the company reported $125 million in the same quarter of the previous year.
The average prediction of analysts places 'Operating profit, as reported- Plumbing Products' at $229.70 million. The estimate compares to the year-ago value of $226 million.
Analysts' assessment points toward 'Operating profit, as reported- Decorative Architectural Products' reaching $123.89 million. Compared to the current estimate, the company reported $124 million in the same quarter of the previous year.
View all Key Company Metrics for Masco here>>>
Shares of Masco have experienced a change of -11.5% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), MAS is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Masco Corporation (MAS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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