MasTec Inc reports results for the quarter ended in December - Earnings Summary

MasTec

29/02/2024 23:45

* MasTec Inc  MTZ.N  reported quarterly adjusted earnings of
66
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.03.  The mean expectation of twelve analysts for the quarter
was for earnings of 44 cents per share. Wall Street expected
results to range from 29 cents to 51 cents per share.
    * Revenue rose 9% to $3.28 billion from a year ago; analysts
expected $3.26 billion. 
    * MasTec Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $753
thousand.
    * MasTec Inc shares had fallen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for MasTec Inc is
$77.00 
This summary was machine generated from LSEG data February 29 at
11:45 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.44           0.66           Beat
 Sep. 30 2023      1.84           0.95           Missed
 Jun. 30 2023      0.85           0.89           Beat
 Mar. 31 2023      -0.57          -0.54          Beat