Masco Corporation ($MAS) Stock Forecast: Up 6.9% Today

What is Masco Corporation?

Masco Corporation (NYSE: MAS) is a home-building design and manufacturing company. The company reported its second-quarter earnings for 2024, with revenue slightly below expectations but beating earnings per share estimates.

Why is Masco Corporation going up?

MAS stock is up 6.9% on Jul 25, 2024 17:58

• Masco (MAS) reported earnings per share of $1.20, surpassing analyst estimates, which contributed to the bullish movement in the stock.
• Despite revenue being slightly lower than expected, the company's ability to improve non-GAAP profit per share from the same quarter last year showcased resilience.
• The stable EPS and improved margins, along with returning $206 million to shareholders, likely instilled confidence in investors, driving the bullish market movement.
• The updated 2024 guidance reflecting market headwinds might have been overshadowed by the positive aspects of the earnings report, leading to the strong bullish sentiment in MAS stock.

MAS Price Chart

MAS News

MAS Stock Earnings: Masco Beats EPS, Misses Revenue for Q2 2024

Masco (NYSE:MAS) just reported results for the second quarter of 2024. Masco reported earnings per share of $1.20. This was above the analyst estimate for EPS of $1.18. The company reported revenue of $2.09 billion. This was 0.43% worse than the analyst estimate for revenue of $2.10 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/mas-stock-earnings-masco-for-q2-of-2024/

Masco ( MAS ) Surpasses Q2 Earnings Estimates

Masco (MAS) delivered earnings and revenue surprises of 3.45% and 0.41%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2308605/masco-mas-surpasses-q2-earnings-estimates

Masco''s (NYSE:MAS) Q2 Earnings Results: Revenue In Line With Expectations

Home-building design and manufacturing company Masco Corporation (NYSE:MAS) reported results in line with analysts'' expectations in Q2 CY2024, with revenue down 1.7% year on year to $2.09 billion. It made a non-GAAP profit of $1.20 per share, improving from its profit of $1.19 per share in the same quarter last year.

https://stockstory.org/nyse/mas/earnings/mascos-nysemas-q2-earnings-results-revenue-in-line-with-expectations

Masco Corp. Q2 Profit Beats Estimates

WASHINGTON (dpa-AFX) - Masco Corp. (MAS) released a profit for second quarter that beat the Street estimates.The company''s earnings came in at $258 million, or $1.17 per share. This compares with …

https://www.finanznachrichten.de/nachrichten-2024-07/62820880-masco-corp-q2-profit-beats-estimates-020.htm

Masco Corporation Reports Second Quarter 2024 Results | MAS Stock News

Masco''s Q2 2024 results reveal resilience amid challenges: Sales dip 2%, but margins improve. EPS stable at $1.17. $206M returned to shareholders. Updated 2024 guidance reflects market headwinds. Dive into the financial details and future outlook.

https://www.stocktitan.net/news/MAS/masco-corporation-reports-second-quarter-2024-61iam9me28i6.html

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Masco Corporation Price History

14.10.2023 - MAS Stock was up 5.5%

• Synovus Financial Corp increased its holdings in MAS, indicating confidence in the company's future prospects.
• Masco Corp received a relative strength rating upgrade, suggesting positive momentum in its stock performance.
• These factors, along with other undisclosed news, likely contributed to the bullish movement in MAS today.

12.09.2023 - MAS Stock was down 5.0%

• Jefferies Financial Group lowering Masco's price target suggests a lack of confidence in the stock's potential upside, which could have contributed to the bearish movement.
• The launch of climate action tokenization initiatives by Chintai may have diverted investor attention away from Masco, impacting its market movement.
• The article mentioning that higher interest rates may benefit Masco's performance and valuation contradicts the bearish movement, indicating that other factors might have influenced the stock's decline.

08.01.2024 - MAS Stock was up 8.4%

• Masco Corp. reported a higher profit for its fourth quarter, surpassing street estimates, indicating strong financial performance.
• Despite concerns about inflationary pressure and demand softness, Masco Corp. managed to deliver positive results, suggesting resilience in the face of challenges.
• Citigroup's neutral stance on Masco with a target price of $70 implies a cautious outlook on the stock, but it did not hinder the bullish movement.
• The expectation of earnings growth for Masco Corp. further contributed to the positive sentiment surrounding the stock.

26.09.2023 - MAS Stock was up 9.2%

• Masco Corporation is scheduled to announce its Q3 earnings, which could have generated positive expectations among investors.
• The upgrade of Masco by investment analysts from a "hold" to a "buy" rating could have influenced market sentiment and attracted more buyers.
• Despite economic challenges, Masco Corporation is bracing for its Q3 earnings, indicating resilience and potential positive performance.
• The price target cut by analysts at Truist Financial may have initially caused some uncertainty, but the overall bullish movement suggests that investors are confident in the company's prospects.

11.06.2024 - MAS Stock was up 5.3%

• MAS stock showed strong bullish movement today, potentially influenced by positive market sentiment and investor confidence in the company's strategic expansion efforts.
• Discussions regarding Masco's recent stock performance and considerations about buying opportunities might have attracted investor attention, leading to increased buying activity and driving up the stock price.
• The collaboration between Abaxx Commodity Futures Exchange and Clearinghouse with ION to provide post-trade clearing and risk solutions could have also bolstered overall positive market sentiment, benefiting MAS as a significant player in the home improvement sector.
• Despite concerns arising from a dispute within Bolivia's ruling party, it is unlikely that such events directly affected MAS stock performance today. The uptick in stock value appears to be more strongly linked to company-specific factors and wider market tendencies.

25.06.2024 - MAS Stock was up 6.9%

• Masco (MAS) reported earnings per share of $1.20, surpassing analyst estimates, which contributed to the bullish movement in the stock.
• Despite revenue being slightly lower than expected, the company's ability to improve non-GAAP profit per share from the same quarter last year showcased resilience.
• The stable EPS and improved margins, along with returning $206 million to shareholders, likely instilled confidence in investors, driving the bullish market movement.
• The updated 2024 guidance reflecting market headwinds might have been overshadowed by the positive aspects of the earnings report, leading to the strong bullish sentiment in MAS stock.

25.06.2024 - MAS Stock was up 6.1%

• Masco (MAS) exceeded expectations with its Q2 earnings, demonstrating robust financial performance.
• Despite a slight 2% decrease in sales, the company's enhanced margins and steady EPS of $1.17 were key drivers behind its positive trajectory.
• Investors seemed to react favorably to Masco's resilience in the face of market challenges and the distribution of $206 million to shareholders, reflecting a sense of optimism regarding the company's future prospects.
• The market's positive reception may have been influenced by Masco's adept handling of obstacles and ability to sustain profitability, fueling the upward movement of its stock.