MasTec Inc expected to post earnings of 44 cents a share - Earnings Preview

MasTec

27/02/2024 22:05

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results on February 29 for the period
ending December 31 2023
    * The Coral Gables Florida-based  company is expected to
report a
8.5% increase in revenue to $3.263 billion from $3.01 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for MasTec Inc is for
earnings of
44 cents 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 9 "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
$77.00​, above​ its last closing price of $74.25. ​​​

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  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               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 February 27 at 22:05 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)