MasTec Inc expected to post a loss of 57 cents a share - Earnings Preview

MasTec

03/05/2023 03:02

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results on May 4. 
    * The Coral Gables Florida-based  company is expected to
report  a
21.2% increase in revenue to $2.369 billion from $1.95 billion a
year ago, according to the mean estimate from 9 analysts, based
on Refinitiv data. The company's guidance on February 23 2023,
for the period ended March 31, was for revenue of $2.400
billion.
    * ​Refinitiv's mean analyst estimate for MasTec Inc is for a
loss
of 57 cents per share. The company's EPS guidance on February 23
2023, for the period ended March 31, was about USD-0.57
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"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
$115​, above​ its last closing price of $87.02. ​​​

The company's guidance on February 23 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD100 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.97        0.98       1.03      Beat    4.6
 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
 ​​Dec.        1.29        1.29       1.35      Beat    4.4
 31 2021                                                
 Sep. 30 2021  1.70        1.69       1.81      Beat    6.8​
 Jun. 30 2021  1.25        1.24       1.30      Beat    5.2
 Mar. 31 2021  0.79        0.77       1.10      Beat    42.3
 This summary was machine generated May 3 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated