These Analysts Lower Their Forecasts On Masonite Following Q3 Results
Portfolio Pulse from Lisa Levin
Masonite International Corporation (NYSE:DOOR) reported lower than expected Q3 results, with adjusted earnings of $2.04 per share and quarterly sales of $702 million, missing market estimates. Following the announcement, the company's shares fell 0.6% to trade at $82.00. Analysts from Stephens & Co. and RBC Capital lowered their price targets on Masonite.
November 09, 2023 | 7:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Masonite International's lower than expected Q3 results led to a drop in its share price and lowered price targets from analysts.
Masonite International's Q3 results were lower than market expectations, which led to a decrease in its share price. This negative performance also prompted analysts to lower their price targets on the company's stock, indicating a bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100