Masco (MAS) Q3 Earnings and Revenues Lag Estimates

Core Insights - Masco (MAS) reported quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.02 per share, and down from $1.08 per share a year ago [1][2] - The company's revenues for the quarter were $1.92 billion, also missing the Zacks Consensus Estimate by 1.1%, and down from $1.98 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -4.90%, contrasting with a previous quarter where Masco exceeded expectations by +20.37% [2] - Over the last four quarters, Masco has surpassed consensus EPS estimates two times [2] Revenue Analysis - Masco's revenue performance has been less consistent, topping consensus revenue estimates only once in the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.84 on revenues of $1.82 billion, and for the current fiscal year, it is $4.02 on revenues of $7.61 billion [8] Market Performance - Masco shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 17.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Building Products - Miscellaneous industry, to which Masco belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Masco's stock performance [6]