Soft End-Market Demand To Hurt Masco's (MAS) Q4 Earnings
Zacks Investment Research | Feb 06, 2020 10:40PM ET
Masco Corporation (NYSE:MAS) is scheduled to report fourth-quarter 2019 results on Feb 11, before the opening bell.
In the last reported quarter, the company came up with disappointing results. The top and bottom lines missed the Zacks Consensus Estimate by 9.3% and 2.9%, respectively. Nonetheless, the metrics increased 2% and 11%, respectively, on a year-over-year basis. Strong contribution from the Decorative Architectural Products segment, acquisitions and cost-saving initiatives were partially offset by tariffs and soft end-market demand.
Earnings & Revenue Expectations
The Zacks Consensus Estimate for Masco’s fourth-quarter earnings is pegged at 53 cents per share, implying a decline of 17.2% on a year-over-year basis. The consensus estimate for revenues is $1.65 billion, indicating 18.9% year-over-year fall.
Masco Corporation Price and EPS Surprise
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