MasTec's Earnings: A Preview

MasTec (NYSE:MTZ) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that MasTec will report an earnings per share (EPS) of $1.23.

The announcement from MasTec is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

In the previous earnings release, the company beat EPS by $0.09, leading to a 3.71% drop in the share price the following trading session.

Here's a look at MasTec's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.87

-0.48

0.44

1.84

EPS Actual

0.96

-0.13

0.66

0.95

Price Change %

-4.0%

12.0%

12.0%

-18.0%

Analysts' Take on MasTec

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding MasTec.

With 11 analyst ratings, MasTec has a consensus rating of Buy. The average one-year price target is $136.36, indicating a potential 11.68% upside.

Analyzing Ratings Among Peers

In this comparison, we explore the analyst ratings and average 1-year price targets of APi Gr, Fluor and WillScot Holdings, three prominent industry players, offering insights into ...