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MAS

Masco (MAS) Misses on Q4 Earnings, Tops Revenues Marginally

Masco CorporationMAS is one of the leading cabinetry manufacturers in the U.S. 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 revisions for Masco has moved downward by 2.8% in the last 30 days. The home improvement and building products company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 10.56%.

Currently, Masco has a Zacks Rank #4 (Sell), but that could definitely change following Masco' 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 misses on earnings. Our consensus estimate called for EPS of 34 cents and the company reported EPS of 33 cents instead. Investors should note that these figures take out stock option expenses.

Masco Corporation Price and EPS Surprise

Masco Corporation Price and EPS Surprise | Masco Corporation Quote

Revenues: Masco reported revenues of $1.76 billion, marginally beating our consensus estimate of $1.75 billion.

Key Stats to Note: Cabinetry Products' net sales decreased 8% due to the exit of lower margin business in the builder channel.

Check back later for our full write up on this MAS earnings report later.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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