Masco Revised FY24 Adj. EPS Outlook To $4.05 - $4.15 (From $4.05-$4.20) Vs. $4.11 Est.
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation has revised its fiscal year 2024 adjusted EPS outlook to a range of $4.05 to $4.15, down from the previous range of $4.05 to $4.20. The new guidance is slightly below the analyst estimate of $4.11.
October 29, 2024 | 11:09 am
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Masco Corporation has adjusted its FY24 EPS guidance to $4.05-$4.15, slightly lowering the upper end from $4.20. This new range is marginally below the analyst consensus of $4.11.
The revision of Masco's EPS guidance to a lower range suggests potential challenges in meeting previous expectations, which could lead to short-term negative sentiment among investors. The new guidance is also slightly below the analyst estimate, which may contribute to downward pressure on the stock price.
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