Masco Corporation (NYSE:MAS) is expected to report Q2 earnings with a conference call scheduled for 11:00 am ET.
Analysts are looking for EPS of 20c on revenue of $2.65B. The consensus range is 15c to 29c for EPS, and $2.59B to $2.75B for revenue, according to First Call.
When the company reported its Q1 results in April, it lowered its FY08 EPS guidance to 50c to 64c from 85c to $1.15 vs. consensus of 60c. At the time Masco lowered its guidance, the consensus estimate for FY08 EPS was $1.03. On July 1, Baird lowered its estimates and targets for the company due to the softer remodeling outlook. The firm lowered Masco's target to $18 from $21. On July 15, UBS also reduced Masco's estimates due to continued deterioration in home improvement demand. The firm lowered its target for the company to $15 from $20, and gave the company's shares a Neutral rating.