MasTec Inc reports results for the quarter ended March 31 - Earnings Summary

MasTec

02/05/2025 04:45

MasTec Inc MTZ.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -13 cents.  The mean expectation of fourteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 31 cents to 36 cents per share.

Revenue rose 6% to $2.85 billion from a year ago; analysts expected $2.71 billion.

MasTec Inc's reported EPS for the quarter was 13 cents​.

The company reported quarterly net income of $9.9 million.

MasTec Inc shares had risen by 9.1% this quarter and lost 6.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 22.9% 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 13 "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 $155.00

This summary was machine generated from LSEG data May 2 at 03:44 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 2025
0.34
0.51
Beat
Dec. 31 2024
1.23
1.44
Beat
Sep. 30 2024
1.23
1.63
Beat
Jun. 30 2024
0.87
0.96
Beat