Masco (MAS) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 24, 2019 10:55PM ET
Masco Corporation (NYSE:MAS) (NYSE:MTH) is slated to report third-quarter 2019 results on Oct 30, before the opening bell.
In the last reported quarter, the company reported mixed results, wherein earnings topped the Zacks Consensus Estimate by 8.6% but revenues missed the same by 2.7%. On a year-over-year basis, its bottom line improved 15.8% owing to significant pricing actions and cost-control measures. However, its top line slipped marginally from a year ago due to lower volumes.
These headwinds are likely to have affected its performance in the to-be-reported quarter as well. However, strong pricing and cost-saving plan are likely to have offset the negatives to some extent.
Which Way are Estimates Trending?
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has declined 1.4% over the past seven days to 70 cents. However, the estimated figure indicates a gain of 7.7% from 65 cents per share reported in the year-ago quarter. Revenues are expected to be $2.14 billion, indicating a 1.9% year-over-year increase.
Masco Corporation Price and EPS Surprise
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.