Masco Q1 2024 Adj EPS $0.93 Beats $0.88 Estimate, Sales $1.926B Miss $1.939B Estimate
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation (NYSE:MAS) reported Q1 2024 adjusted EPS of $0.93, surpassing the $0.88 estimate, marking an 8.14% increase from the previous year. However, sales of $1.926B fell short of the $1.939B estimate, a 2.68% decrease year-over-year.
April 24, 2024 | 11:06 am
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Masco Corporation reported a higher-than-expected Q1 2024 EPS of $0.93, but sales slightly missed estimates, indicating mixed financial health.
The beat on EPS estimates by 5.68% and an 8.14% increase from the previous year's earnings suggest strong profitability, which is positive for the stock. However, the slight miss on sales forecasts and a 2.68% decrease from the previous year's sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100