Earnings Preview: Masco Corporation

Masco Corp.

is expected to release its second quarter earnings results after the closing bell on Monday. Wall Street analysts have consensus EPS estimates of $0.07 for the company. The high estimate is $0.11 with the low estimate coming in at $0.02. This compares to the $0.16 that Masco reported in last year's fiscal second quarter. Revenues are expected to decline 3.30% to $1.98 billion compared to $2.05 billion in the year ago period. The high Wall Street revenue estimate is $2.03 billion with a low estimate of $1.94 billion. Analysts' consensus EPS estimates have been falling over the last three months, indicating that they are becoming less constructive on the company's prospects for the second quarter. Ninety-days ago, consensus EPS estimates were at $0.10 compared to the current $0.07. During this time, MAS shares have lost 13.6%. Masco Corporation manufactures, distributes and installs home improvement and building products. These products include faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market.