MasTec Inc expected to post earnings of 85  cents a share - Earnings Preview

MasTec

02/08/2023 03:08

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results on August 3. 
    * The Coral Gables Florida-based  company is expected to
report  a
30.3% increase in revenue to $3 billion from $2.3 billion a year
ago, according to the mean estimate from 10 analysts, based on
Refinitiv data. The company's guidance on May 4 2023, for the
period ended June 30, was for revenue of $3.000 billion.
    * ​Refinitiv's mean analyst estimate for MasTec Inc is for
earnings of 85 cents per share. The company's EPS guidance on
May 4 2023, for the period ended June 30, was about USD0.86
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"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
$130​, above​ its last closing price of $121.95. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD250 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  
 Mar. 31 2023  -0.57       -0.57      -0.54     Beat    5.2
 Dec. 31 2023  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.        -0.12       -0.11      -0.03     Beat    72.2
 31 2022                                                
 Dec. 31 2021  1.29        1.29       1.35      Beat    4.4​
 Sep. 30 2021  1.70        1.69       1.81      Beat    6.8
 Jun. 30 2021  1.25        1.24       1.30      Beat    5.2
 This summary was machine generated August 2 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated