Masterbrand Inc reports results for the quarter ended June 30 - Earnings Summary

• Masterbrand Inc MBC.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 45 cents. The lone analyst forecast for the quarter was for earnings of 34 cents per share.

• Revenue rose 8% to $730.90 million from a year ago; analysts expected $683.30 million.

• Masterbrand Inc shares had risen by 3.7% this quarter and lost 22.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Masterbrand Inc is $15.00, about 17.5% above its last closing price of $12.38

This summary was machine generated from LSEG data August 6 at 09:01 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)