Masco Corp reports results for the quarter ended March 31 - Earnings Summary

• Masco Corp MAS.N reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of twenty analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 88 cents to $1.01 per share.

• Revenue fell 6.5% to $1.80 billion from a year ago; analysts expected $1.84 billion.

• Masco Corp's reported EPS for the quarter was 87 cents​.

• The company reported quarterly net income of $186 million.

• Masco Corp shares had fallen by 11.7% this quarter and lost 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "hold"

• Wall Street's median 12-month price target for Masco Corp is $81.50

This summary was machine generated from LSEG data April 23 at 12:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)