Masco Corporation Expects Adjusted EPS For FY23 In The Range Of $3.65-$3.75 Vs. $3.61 Estimate (Prior View: $3.50-$3.65);
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation has revised its adjusted EPS forecast for FY23 to a range of $3.65-$3.75, up from the previous estimate of $3.50-$3.65. This new estimate surpasses the current consensus estimate of $3.61.
October 26, 2023 | 11:34 am
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POSITIVE IMPACT
Masco Corporation's upward revision of its FY23 adjusted EPS forecast could potentially boost investor confidence and positively impact its stock price in the short term.
The upward revision of Masco Corporation's FY23 adjusted EPS forecast indicates a positive outlook for the company's future earnings. This could potentially boost investor confidence and lead to an increase in demand for the company's stock, thereby driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100