Earnings Preview: Masco Corp.

| About: Masco Corporation (MAS)

Masco Corporation (NYSE:MAS) is expected to report Q2 earnings with a conference call scheduled for 11:00 am ET.

Guidance

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.

Analyst Views

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. 

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Tagged: , Lumber, Wood Production, Earnings
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