Compared to Estimates, Masco (MAS) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Masco (MAS) reported revenue of $1.98 billion, down 10.2% over the same period last year. EPS came in at $1.00, compared to $0.98 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.98 billion, representing a surprise of -0.09%. The company delivered an EPS surprise of +9.89%, with the consensus EPS estimate being $0.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Masco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Plumbing Products: $1.19 billion versus $1.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
Net Sales- Decorative Architectural Products: $788 million compared to the $804.31 million average estimate based on five analysts. The reported number represents a change of -10.5% year over year.
Operating profit, as adjusted- Decorative Architectural Products: $144 million compared to the $135.06 million average estimate based on five analysts.
Operating profit, as adjusted- Plumbing Products: $225 million compared to the $208.12 million average estimate based on five analysts.
View all Key Company Metrics for Masco here>>>
Shares of Masco have returned -9.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Masco Corporation (MAS) : Free Stock Analysis Report
