## MasTec (MTZ) Earnings Preview: What to Expect on October 31st
Investors are eagerly awaiting MasTec’s (MTZ) third-quarter 2024 earnings report, scheduled for release on Thursday, October 31st. The company, a leading force in infrastructure construction across North America, is expected to report an earnings per share (EPS) of $1.23, according to analysts’ estimates. The announcement will be closely watched by investors seeking signals of exceeding these expectations and a positive outlook for the next quarter.
A Look Back at MasTec’s Recent Performance:
MasTec’s recent performance has been a mixed bag. In the previous earnings release, the company surpassed EPS estimates by $0.09, but this was followed by a 3.71% decline in the share price during the next trading session. A key factor to consider for new investors is the significance of guidance, which can heavily influence stock price movements. Here’s a snapshot of MasTec’s earnings history and the corresponding price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change (%) |
|—|—|—|—|
| Q2 2024 | 0.87 | 0.96 | -4.0% |
| Q1 2024 | -0.48 | -0.13 | 12.0% |
| Q4 2023 | 0.44 | 0.66 | 12.0% |
| Q3 2023 | 1.84 | 0.95 | -18.0% |
Analysts’ Perspective on MasTec:
Understanding market sentiment and expectations is crucial for investors. Currently, MasTec holds a consensus rating of ‘Buy’ from 11 analysts. The average one-year price target stands at $136.36, indicating a potential upside of 11.68%.
Peer Comparisons:
To gain a comprehensive understanding of MasTec’s position within the industry, let’s compare it to three prominent players: APi Gr, Fluor, and WillScot Holdings.
| Company | Consensus Rating | 1-Year Price Target | Potential Upside/Downside |
|—|—|—|—|
| MasTec | Buy | $136.36 | 11.68% Upside |
| APi Gr | Outperform | $39.67 | 67.51% Downside |
| Fluor | Buy | $59.71 | 51.1% Downside |
| WillScot Holdings | Buy | $47.0 | 61.51% Downside |
Key Takeaways from Peer Analysis:
* MasTec leads in revenue growth among its peers, achieving a 3.03% increase over the last three months.
* MasTec boasts the highest gross profit margin among its peers.
* Notably, MasTec has the lowest return on equity compared to its peers.
A Deeper Dive into MasTec:
MasTec is a leading infrastructure construction company operating mainly in North America, serving various industries including communications, oil and gas, utilities, renewable energy, and other critical infrastructure. The company operates across five reportable segments: communications, clean energy and infrastructure, oil and gas, power delivery, and other.
Financial Milestones and Key Metrics:
*
Market Capitalization:
MasTec boasts a market capitalization above industry averages, demonstrating its substantial size and strong market recognition.*
Revenue Growth:
MasTec achieved a positive revenue growth rate of 3.03% as of June 30, 2024. However, this growth rate lags behind its peers in the Industrials sector.*
Net Margin:
MasTec’s net margin falls below industry averages, indicating potential challenges in maintaining robust profitability.*
Return on Equity (ROE):
MasTec’s ROE sits below industry benchmarks, suggesting potential challenges in efficiently utilizing equity capital.*
Return on Assets (ROA):
Similar to ROE, MasTec’s ROA is below industry standards, indicating potential difficulties in efficiently utilizing assets.*
Debt Management:
MasTec’s debt-to-equity ratio stands at 1.1, exceeding industry norms. This indicates a significant level of debt, potentially posing financial challenges.Stay Informed with MasTec’s Earnings Calendar:
To stay up-to-date on all earnings releases for MasTec, visit the earnings calendar on our site.
