Masonite (DOOR) Q1 Earnings and Revenues Miss Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Masonite Earnings Report: Masonite (DOOR) reported quarterly earnings of $1.29 per share, missing the Zacks Consensus Estimate of $2.05 per share.
- Financial Performance: The company's earnings showed a surprise of -37.07% and revenue missed estimates by 4.47% for the quarter ended March 2024.
- Stock Movement: Masonite shares have gained 56.7% this year, outperforming the S&P 500.
- Future Outlook: Investors are looking at the company's earnings outlook and estimate revisions to gauge future stock performance.
- Industry Impact: Industry outlook can influence stock performance; Building Products - Wood industry ranks in the top 33% of Zacks industries.
Analyst Views on DY
Wall Street analysts forecast DY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DY is 367.14 USD with a low forecast of 320.00 USD and a high forecast of 392.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 365.650
Low
320.00
Averages
367.14
High
392.00
Current: 365.650
Low
320.00
Averages
367.14
High
392.00
About DY
Dycom Industries, Inc. is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. These services include program management, planning, engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. The Company also provides electrical contracting services for data centers and other vital industries, underground facility locating services for various utilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities. The Company provides engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer’s home or business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
