Masco Corporation (NYSE:MAS) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MAS to report 3Q20 income of $ 0.77 per share.
For the full year, analysts anticipate top line of $ 6905.08 million, while looking forward to income of $ 2.70 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.35 ~ $ 2.55 per share
Click Here For More Historical Outlooks Of Masco Corporation
Previous Quarter Performance
Masco Corporation disclosed income for the second quarter of $ 0.84 per share, from the revenue of $ 1,764.00 million. The quarterly earnings down 4.55 percent while revenues declined 22.46 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.66 per share from $ 1661.33 million in revenue. The bottom line results beat street analysts by $ 0.18 or 27.27 percent, at the same time, top line results outshined analysts by $ 102.67 million or 6.18 percent.
Stock Performance
Shares of Masco Corporation traded low $ -0.38 or -0.70 percent on Tuesday, reaching $ 53.57 with volume of 2.62 million shares. Masco Corporation has traded high as $ 54.16 and has cracked $ 52.87 on the downward trend
According to the previous trading day, closing price of $ 53.57, representing a 99.52 % increase from the 52 week low of $ 27.04 and a 10.32 % decrease over the 52 week high of $ 60.16.
The company has a market capital of $ 13.95 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 30th September 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating.
Conference Call
Masco Corporation will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website masco.com
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The companys Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications. It offers its products under the DELTA, BRIZO, PEERLESS, HANSGROHE, AXOR, GINGER, NEWPORT BRASS, BRASSTECH, WALTEC, BRISTAN, HERITAGE, MIROLIN, HÜPPE, HOT SPRING, CALDERA, FREEFLOW SPAS, FANTASY SPAS, ENDLESS POOLS, BRASSCRAFT, PLUMB SHOP, COBRA, COBRA PRO, and MASTER PLUMBER brands.
