What To Expect From Masco’s (MAS) Q3 Earnings

Home-building design and manufacturing company Masco Corporation (NYSE:MAS) will be reporting results tomorrow before market hours. Here’s what to expect.

Masco met analysts’ revenue expectations last quarter, reporting revenues of $2.09 billion, down 1.7% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ operating margin estimates but a miss of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting Masco’s revenue to grow 1.2% year on year to $2.00 billion, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Masco has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Masco’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Lennox reported revenues up 9.6%, topping estimates by 5.9%. Simpson traded down 5.5% following the results while Lennox was up 4.3%.

Read our full analysis of Simpson’s results here and Lennox’s results here.

Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Masco is down 4% during the same time and is heading into earnings with an average analyst price target of $85.14 (compared to the current share price of $80.61).

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