Masonite International Q2 EPS $2.30 Beats $1.98 Estimate, Sales $741.88M Beat $726.60M Estimate
Portfolio Pulse from Happy Mohamed
Masonite International (NYSE:DOOR) reported Q2 earnings of $2.30 per share, beating the analyst consensus estimate of $1.98 by 16.16%. However, this is a 10.85% decrease from the same period last year. The company also reported quarterly sales of $741.88 million, beating the estimate of $726.60 million by 2.10%, but this is a 2.62% decrease from last year.
August 08, 2023 | 8:32 pm
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NEUTRAL IMPACT
Masonite International's Q2 earnings and sales beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Masonite International beat estimates for Q2 earnings and sales, the fact that these figures are lower than the same period last year could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the year-on-year decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100