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

MasTec

04/08/2023 24:02

* MasTec Inc  MTZ.N  reported quarterly adjusted earnings of
89
cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for earnings
of 85 cents per share.
    * Revenue rose 24.9% to $2.87 billion from a year ago;
analysts
expected $3.00 billion. 
    * MasTec Inc's reported EPS for the quarter was 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * MasTec Inc shares had risen by 3.5% this quarter and
gained 43.1% so far this year.
    * The company reported quarterly net income of $15.54
million.
    * Wall Street's median 12-month price target for MasTec Inc
is
$130.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 11:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.85           0.89           Beat
 Mar. 31 2023      -0.57          -0.54          Beat
 Dec. 31 2022      0.98           1.03           Beat
 Sep. 30 2022      1.27           1.34           Beat