Masco Q2 Adj. EPS $1.19 Beats $0.96 Estimate, Sales $2.13B Beat $2.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation (NYSE:MAS) reported Q2 adjusted earnings of $1.19 per share, beating the analyst consensus estimate of $0.96 by 23.96%. This is a 4.39% increase from the same period last year. The company also reported quarterly sales of $2.13 billion, surpassing the analyst consensus estimate of $2.07 billion by 2.75%, but marking a 9.57% decrease from the same period last year.
July 27, 2023 | 11:05 am
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NEUTRAL IMPACT
Masco's Q2 earnings and sales beat analyst estimates, which could positively impact the stock. However, the decrease in sales compared to last year might temper this impact.
Masco's earnings beat could drive positive sentiment among investors, potentially leading to a short-term increase in the stock price. However, the decrease in sales compared to the same period last year could offset this positive impact, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100