As you might know, Masonite International Corporation (NYSE:DOOR) recently reported its yearly numbers. Results overall were respectable, with statutory earnings of US$2.77 per share roughly in line with what the analysts had forecast. Revenues of US$2.3b came in 2.1% ahead of analyst predictions. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
View our latest analysis for Masonite International
Taking into account the latest results, the current consensus from Masonite International's five analysts is for revenues of US$2.47b in 2021, which would reflect a notable 9.6% increase on its sales over the past 12 months. Statutory earnings per share are predicted to leap 181% to US$7.90. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.42b and earnings per share (EPS) of US$7.25 in 2021. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.
It will come as no surprise to learn that the analysts have increased their price target for Masonite International 5.9% to US$131on the back of these upgrades. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Masonite International analyst has a price target of US$137 per share, while the most pessimistic values it at US$118. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Masonite International's rate of growth is expected to accelerate meaningfully, with the forecast 9.6% revenue growth noticeably faster than its historical growth of 3.2%p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Masonite International to grow faster than the wider industry.