Home-building design and manufacturing company Masco Corporation (NYSE: MAS) will be announcing earnings results this Wednesday morning. Here’s what to expect.
Masco beat analysts’ revenue expectations last quarter, reporting revenues of $1.92 billion, up 6.5% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates.
Is Masco a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Masco’s revenue to grow 1.3% year on year, a reversal from the 1.9% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Masco has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Masco’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 1.9%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%.
Read our full analysis of Simpson’s results here and Apogee’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Masco’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $81.82 (compared to the current share price of $81.16).
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