Masco Continues To Expects FY24 Adj. EPS Between $4.00-$4.25 Vs. $4.13 Consensus
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation reaffirms its FY24 adjusted EPS forecast to be between $4.00 and $4.25, aligning with expectations and emphasizing its commitment to long-term shareholder value through investments in brands, innovation, and a disciplined capital allocation strategy.
April 24, 2024 | 11:14 am
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Masco Corporation remains optimistic about its FY24 earnings, expecting an adjusted EPS of $4.00 to $4.25, in line with consensus estimates. This reaffirmation may bolster investor confidence in the company's strategic direction and operational efficiency.
Masco's reaffirmation of its FY24 earnings forecast directly impacts its stock as it aligns with consensus estimates, potentially increasing investor confidence. The emphasis on long-term value through strategic investments and capital management further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100