Earnings Preview: MasterBrand
Portfolio Pulse from Benzinga Insights
MasterBrand (NYSE:MBC) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.27. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, MasterBrand has shown a pattern of beating EPS estimates, which has sometimes led to an increase in its share price. The stock has seen a 56.73% increase over the last 52 weeks, trading at $15.38 as of February 22.
February 23, 2024 | 4:00 pm
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MasterBrand is expected to report an EPS of $0.27 for the upcoming quarter. Historical data shows a positive trend in beating EPS estimates, which could influence the stock price positively if the trend continues.
Given MasterBrand's history of surpassing EPS estimates and the positive stock performance over the last year, there's a strong likelihood of a positive short-term impact on MBC's stock price if they beat the EPS estimate again and provide optimistic future guidance. The historical data suggests that beating EPS estimates has led to increases in stock price, particularly noting the 15.05% increase after Q1 2023's earnings beat.
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