MasTec's (MTZ) Q4 Earnings & Revenues Beat, 2024 Views Strong [Yahoo! Finance]
MasTec, Inc. (MTZ)
Last mastec, inc. earnings: 4/30 05:06 pm
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Source: Yahoo! Finance
Earnings declined on a year-over-year basis, but revenues increased on the back of strong contributions from the Oil and Gas segment. MTZ's fourth-quarter results aligned with its expectations following a challenging 2023. The company is poised to capitalize on the opportunities and aims to achieve record levels of revenue and adjusted EBITDA in 2024. The robust demand for MTZ's services suggests the potential for double-digit revenues and earnings growth in 2025 and beyond. Following the results, MasTec's shares inched up 0.2% in the after-hours trading session on Feb 29. Inside the Headlines Adjusted earnings per share (EPS) of 66 cents per share surpassed the Zacks Consensus Estimate of 45 cents by 46.7%. However, the bottom line declined 35.9% from the $1.03 reported in the year-ago period. The reported number also topped MTZ's expectation of 44 cents. Revenues of $3.28 billion surpassed the consensus mark of $3.26 billion by 0.5%. Nonetheless, the top line jumped 9% fro
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News
- Despite Fast-paced Momentum, MasTec (MTZ) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
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- MasTec, Inc. (NYSE: MTZ) had its price target raised by analysts at DA Davidson from $100.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
- MasTec, Inc. (NYSE: MTZ) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
MTZ
Earnings
- 5/2/24 - Beat
MTZ
Sec Filings
- 5/3/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 4/4/24 - Form ARS
- MTZ's page on the SEC website