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

MasTec

02/11/2023 21:04

* MasTec Inc  MTZ.N  reported quarterly adjusted earnings of
95
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$1.34.  The mean expectation of ten analysts for the quarter was
for earnings of $1.84 per share. Wall Street expected results to
range from $1.54  to $2.13 per share.
    * Revenue rose 29.6% to $3.26 billion from a year ago;
analysts
expected $3.76 billion. 
    * MasTec Inc's reported EPS for the quarter was 18 cents​.
    * The company reported quarterly net income of $14.3
million.
    * MasTec Inc shares had fallen by 31.9% this quarter and
lost 42.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for MasTec Inc
is
$67.50 

This summary was machine generated from LSEG data November 2 at
09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.84           0.95           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