MasTec Inc expected to post a loss of 48 cents a share - Earnings Preview

MasTec

01/05/2024 24:05

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The Coral Gables Florida-based  company is expected to
report a
1.4% increase in revenue to $2.621 billion from $2.58 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.The company's guidance on March 1 2024, for the
period ended March 31, was for revenue of $2.625 billion.
    * ​LSEG's mean analyst estimate for MasTec Inc is for a loss
of 48
cents per share. The company's EPS guidance on February 29 2024,
for the period ended March 31, was about USD-0.48
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for MasTec Inc
is
$100.00​, above​ its last closing price of $88.69. ​​​

The company's guidance on February 29 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD130 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.45        0.44       0.66      Beat    50.3
 Sep. 30 2023  1.82        1.84       0.95      Missed  -48.4
 Jun. 30 2023  0.86        0.85       0.89      Beat    4.3​
 Mar. 31 2023  -0.57       -0.57      -0.54     Beat    5.2
 ​​Dec.        0.97        0.98       1.03      Beat    4.6
 31 2022                                                
 Sep. 30 2022  1.26        1.27       1.34      Beat    5.7​
 Jun. 30 2022  0.72        0.72       0.73      Beat    1.8
 Mar. 31 2022  -0.12       -0.11      -0.03     Beat    72.2
 This summary was machine generated April 30 at 23:05 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)