HomeMost PopularWhat to Anticipate from Masco's Q4 2024 Earnings Report

What to Anticipate from Masco’s Q4 2024 Earnings Report

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Masco Corporation Set to Report Q4 Earnings: Expectations and Analyst Insights

Masco Corporation (MAS), based in Livonia, Michigan, stands as a prominent player in the home improvement and building products industry. With a market cap of $16.9 billion, the company aims to enhance living spaces globally through its diverse range of trusted brands. Anticipation surrounds the release of its Q4 earnings, scheduled for Tuesday, February 11, before the market opens.

Analysts Predict Strong Earnings Growth

Ahead of its earnings report, analysts forecast Masco will announce a profit of $0.88 per share, reflecting a 6% increase from the $0.83 per share recorded in the same quarter last year. Historically, Masco has either met or exceeded Wall Street’s adjusted EPS estimates for the last four quarters. Notably, the company reported an EPS of $1.08 in Q3, aligning with analyst expectations.

Future Earnings Projections

For fiscal 2024, estimates suggest that Masco will achieve an adjusted EPS of $4.09, which is a 6% rise from $3.86 in fiscal 2023. Looking further ahead, fiscal 2025 may see an 8.1% year-over-year increase, targeting an adjusted EPS of $4.42.

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Stock Performance and Market Comparisons

Over the last year, Masco’s shares have gained 15.6%, which is notably lower than the S&P 500 Index’s ($SPX25% gains and the Industrial Select Sector SPDR Fund’s (XLI25% returns during the same period.

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Q3 Earnings Report and Its Aftermath

After the release of its Q3 earnings on October 29, Masco experienced a decrease in share value for three trading sessions. The company’s revenue reached $1.98 billion, meeting expectations, though it showed no growth from the previous year. EBITDA slightly fell below estimates at $397 million, with margins stable at 20%.

Profitability faced challenges past quarters, with gross margin declining to 36.6% from 37.6%, and operating margin decreasing to 18% from 19.4% from the same quarter last year. Additionally, the free cash flow margin dropped to 19.1%, compared to 21.8% during the same period last year.

Analyst Ratings and Price Target

The consensus rating for MAS stock remains moderately positive, with an overall “Moderate Buy” classification. Among 19 analysts monitoring the stock, eight recommend a “Strong Buy,” 10 advise holding, and one recommends selling.

The mean price target for Masco is currently set at $84.32, indicating a potential upside of 7.2% from current market levels.


On the date of publication,

Rashmi Kumari

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. For more information, please view the Barchart Disclosure Policy

here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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