Published on 22 Mar 2024 on Zacks via Yahoo Finance
Masco Corporation (MAS) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of Masco (MAS)? Shares have been on the move with the stock up 5.2% over the past month. The stock hit a new 52-week high of $78.85 in the previous session. Masco has gained 16.7% since the start of the year compared to the 14.3% move for the Zacks Construction sector and the 17.5% return for the Zacks Building Products - Miscellaneous industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 8, 2024, Masco reported EPS of $0.83 versus consensus estimate of $0.66.