Masco Corporation reports results for the quarter ended September 30 - Earnings Summary

• Masco Corporation MAS.N reported quarterly adjusted earnings of $1.19​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of twenty one analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 98 cents to $1.09 per share.

• Revenue rose 2.6% to $1.97 billion from a year ago; analysts expected $1.93 billion.

• Masco Corporation's reported EPS for the quarter was $1.17​.

• The company reported quarterly net income of $230 million.

• Masco Corporation shares had risen by 11.5% this quarter and gained 18.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, four 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," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Masco Corporation is $79.50, about 5.4% above its last closing price of $75.17

This summary was machine generated from LSEG data October 28 at 12:40 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)