Masco Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Masco Corp (NYSE:MAS) will unveil its latest earnings on Monday, October 24, 2011. Masco manufactures and installs building and home improvement products including faucets, cabinets, architectural coatings, and windows.

Masco Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 8 cents per share, a decline of 27.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 9 cents during the last month. For the year, analysts are projecting profit of 7 cents per share, a decline of 56.3% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 5 cents per share versus a mean estimate of profit of 8 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.98 billion in revenue this quarter, a rise of 1% from the year ago quarter. Analysts are forecasting total revenue of $7.58 billion for the year, a decline of 0.1% from last year’s revenue of $7.59 billion.

Analyst Ratings: Analysts seem relatively indifferent about Masco with 11 of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose more than twofold to $8 million (2 cents a share) from $3 million (one cent a share) the year earlier, but fell short analyst expectations. Revenue fell 1.3% to $2.02 billion from $2.05 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 4.3% in the first quarter from the year earlier, dropped 7.2% in fourth quarter of the last fiscal year from the year-ago quarter and 6.5% in the third quarter of the last fiscal year.

Masco’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $46 million in the first quarter, a loss of $1.03 billion in the fourth of the last fiscal year and a loss of $5 million in the third quarter of the last fiscal year.

Competitors to Watch: Fortune Brands, Inc. (NYSE:FO), American Woodmark Corp. (NASDAQ:AMWD), U.S. Home Systems, Inc. (NASDAQ:USHS), Patrick Industries, Inc. (NASDAQ:PATK), ALNO AG (AMEX:ANO).

Stock Price Performance: During July 25, 2011 to October 18, 2011, the stock price had fallen $2.59 (-22.8%) from $11.35 to $8.76. The stock price saw one of its best stretches over the last year between March 1, 2011 and March 9, 2011 when shares rose for seven-straight days, rising 7.1% (+91 cents) over that span. It saw one of its worst periods between May 27, 2011 and June 10, 2011 when shares fell for 10-straight days, falling 17.4% (-$2.44) over that span. Shares are down $3.56 (-28.9%) year to date.

(Source: Xignite Financials)

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