MasTec Inc expected to post earnings of $1.46 a share - Earnings Preview

MasTec

01/11/2023 02:44

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results 
    * The Coral Gables Florida-based  company is expected to
report  a
17.1% increase in revenue to $3.521 billion from $3.01 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data. 
    * ​Refinitiv's mean analyst estimate for MasTec Inc is for
earnings of $1.46 per share. The company's EPS guidance on
October 31 2023, for the period ended December 31, was about
USD0.44
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months. ​
    * Wall Street's median 12-month price target for MasTec Inc
is
$112.5​, above​ its last closing price of $59.44. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD221 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  
 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. 31 2022  0.97        0.98       1.03      Beat    4.6
 ​​Sep.        1.26        1.27       1.34      Beat    5.7
 30 2022                                                
 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. 31 2021  1.29        1.29       1.35      Beat    4.4
 This summary was machine generated November 1 at 02:44 GMT.  All
figures in US dollars  unless otherwise stated