Masco MAS reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Masco missed estimated earnings by 5.0%, reporting an EPS of $1.14 versus an estimate of $1.2.
Revenue was up $173.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 0.29% increase in the share price the next day.
Here's a look at Masco's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.85 | 0.68 | 0.89 | 1.04 |
EPS Actual | 0.95 | 0.67 | 0.99 | 1.14 |
Revenue Estimate | 2.06B | 1.95B | 2.10B | 2.16B |
Revenue Actual | 2.20B | 2.02B | 2.20B | 2.18B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Masco management provided guidance for FY 2022, expecting earnings between $4.15 and $4.25 per share.
To track all earnings releases for Masco visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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