Masonite International Q1 2024 Adj EPS $1.29 Misses $2.03 Estimate, Sales $668.339M Miss $721.176M Estimate
Portfolio Pulse from Benzinga Newsdesk
Masonite International (NYSE:DOOR) reported Q1 2024 adjusted EPS of $1.29, missing the $2.03 estimate, and sales of $668.339M, missing the $721.176M estimate. This represents a decrease in both earnings and sales compared to the same period last year.
May 06, 2024 | 10:05 pm
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Masonite International reported a significant miss in both earnings and sales for Q1 2024, with adjusted EPS at $1.29 against estimates of $2.03 and sales of $668.339M against estimates of $721.176M.
The significant miss in both earnings per share and sales compared to analyst estimates and the year-over-year decrease in these metrics are likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in earnings (36.45%) and the decrease in sales (7.94%) compared to the same period last year highlight operational challenges that could concern investors.
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