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Masco (MAS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Masco (MAS - Free Report) reported $2.09 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.7%. EPS of $1.20 for the same period compares to $1.19 a year ago.

The reported revenue represents a surprise of -0.41% over the Zacks Consensus Estimate of $2.1 billion. With the consensus EPS estimate being $1.16, the EPS surprise was +3.45%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Masco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Plumbing Products: $1.25 billion versus the six-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +2.3%.
  • Net Sales- Decorative Architectural Products: $838 million versus $886.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
  • Operating profit, as adjusted- Plumbing Products: $249 million versus the six-analyst average estimate of $233.27 million.
  • Operating profit, as adjusted- Decorative Architectural Products: $174 million compared to the $169.61 million average estimate based on six analysts.
  • Operating profit, as reported- Plumbing Products: $247 million versus $229.25 million estimated by two analysts on average.
  • Operating profit, as reported- Decorative Architectural Products: $174 million versus $169.29 million estimated by two analysts on average.
View all Key Company Metrics for Masco here>>>

Shares of Masco have returned +6.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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