Masco (MAS) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - Masco (MAS) reported quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share, and down from $0.93 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -5.43%, with the company previously expected to post earnings of $0.88 per share but actually producing $0.89, resulting in a surprise of 1.14% [2] - Masco's revenues for the quarter were $1.8 billion, missing the Zacks Consensus Estimate by 1.91%, and down from $1.93 billion year-over-year [3] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2][3] Stock Performance - Masco shares have declined approximately 15.4% since the beginning of the year, compared to a decline of 10.1% for the S&P 500 [4] - The current Zacks Rank for Masco is 4 (Sell), indicating expectations of underperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.22 on revenues of $2.03 billion, and for the current fiscal year, it is $4.25 on revenues of $7.7 billion [8] - The estimate revisions trend for Masco is currently unfavorable, which could change following the recent earnings report [7] Industry Context - The Building Products - Miscellaneous industry, to which Masco belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [9]