Reported Monday, Masonite International Q4 Adj. EPS $1.29 Misses $1.31 Estimate, Sales $660.58M Miss $662.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Masonite International (NYSE:DOOR) reported Q4 adjusted EPS of $1.29, missing the $1.31 estimate, and sales of $660.58M, missing the $662.14M estimate. This represents a 25% decrease in earnings and a 2.28% decrease in sales from the same period last year.
February 20, 2024 | 6:41 am
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Masonite International reported a miss on both earnings and sales estimates for Q4, with a significant year-over-year decrease in earnings and sales.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment in the short term. The reported decreases in earnings and sales are likely to be viewed unfavorably by the market, potentially leading to a decrease in stock price.
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