MasTec Inc expected to post earnings of 87 cents a share - Earnings Preview

MasTec

30/07/2024 23:59

* MasTec Inc  MTZ.N   MTZ  is expected to show a rise in
quarterly
revenue when it reports  results on August 1 for the period
ending June 30 2024
    * The Coral Gables Florida-based  company is expected to
report a
7.6% increase in revenue to $3.092 billion from $2.87 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue of $3.100 billion.
    * ​LSEG's mean analyst estimate for MasTec Inc is for
earnings of
87 cents per share. 
    * 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
$120.00​, above​ its last closing price of $106.37. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD260 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  
 Jan. 1 0001   -0.48       -0.48      -0.13     Beat    72.8
 Dec. 31 0001  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.        -0.57       -0.57      -0.54     Beat    5.2
 31 2023                                                
 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
 This summary was machine generated July 30 at 22:59 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)