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Masco (MAS) Reports Q1: Everything You Need To Know Ahead Of Earnings

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Home-building design and manufacturing company Masco Corporation (NYSE: MAS) will be reporting earnings this Wednesday before market open. Here’s what to look for.

Masco missed analysts’ revenue expectations last quarter, reporting revenues of $1.79 billion, down 1.9% year on year. It was a slower quarter for the company, with a slight miss of analysts’ revenue estimates and a slight miss of analysts’ organic revenue estimates.

Is Masco a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Masco’s revenue to grow 1.8% year on year, a reversal from the 6.5% decrease it recorded in the same quarter last year.

Masco Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Masco’s peers in the building products segment, only Insteel has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 7.5%. The stock was down 28.2% on the results.

Read our full analysis of Insteel’s earnings results here.

There has been positive sentiment among investors in the building products segment, with share prices up 11.6% on average over the last month. Masco is up 10.9% during the same time and is heading into earnings with an average analyst price target of $76.95 (compared to the current share price of $66.63).

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