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

MasTec

04/11/2022 24:08

* MasTec Inc  MTZ.N  reported quarterly adjusted earnings of
$1.34​​ per share for the quarter ended in September. The mean
expectation of thirteen analysts for the quarter was
for earnings of $1.27 per share.
    * Revenue rose 4.5% to $2.51 billion from a year ago;
analysts
expected $2.55 billion. 
    * MasTec Inc's reported EPS for the quarter was 65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * MasTec Inc shares had risen by 20.0% this quarter and
lost 17.4%
so far this year.
    * The company reported quarterly net income of $48.9
million.
    * Wall Street's median 12-month price target for MasTec Inc
is
$101.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
4 at 12:08 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.27           1.34           Beat
 Jun. 30 2022      0.72           0.73           Beat
 Mar. 31 2022      -0.11          -0.03          Beat
 Dec. 31 2021      1.29           1.35           Beat