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

MasTec

03/05/2024 12:06

* MasTec Inc  MTZ.N  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -54
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 48 cents per share. Wall Street
expected results to range from -51 cents to -45 cents per share.
    * Revenue rose 4% to $2.69 billion from a year ago; analysts
expected $2.62 billion. 
    * MasTec Inc's reported EPS for the quarter was a loss of 53
cents​.
    * The company reported a quarterly loss of $34.5 million.
    * MasTec Inc shares had fallen by 2.4% this quarter and
gained 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 144%
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 10 "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
$100.00 
This summary was machine generated from LSEG data May 3 at 11:06
a.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
 Mar. 31 2024      -0.48          -0.13          Beat
 Dec. 31 2023      0.44           0.66           Beat
 Sep. 30 2023      1.84           0.95           Missed
 Jun. 30 2023      0.85           0.89           Beat