MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings
MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings
MasTec said it sees 2024 revenue of $12.4 billion, versus estimates of $12.55 billion. The company expects adjusted EPS of $3.03 versus expectations of $2.95.MasTec, Inc. (NYSE:MTZ) reported better-than-expected second-quarter adjusted earnings results, after the closing bell on Thursday.
MasTec, Inc.（纽交所: MTZ）在周四收盘后公布了比预期更好的第二季度调整后的收益结果。
MasTec reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate of 87 cents per share. The company reported quarterly sales of $2.961 billion which missed the analyst consensus estimate of $3.092 billion, according to data from Benzinga Pro.
MasTec每股收益为96美分，超过了分析师预期的87美分。根据Benzinga Pro的数据，该公司第二季度销售额为29.61亿美元，低于分析师预期的30.92亿美元。
Jose Mas, MasTec's Chief Executive Officer, commented "We are pleased with our solid second quarter performance, and expect to build on this momentum during the balance of 2024 and in 2025. Our record backlog in multiple segments illustrates the confidence our customers have in MasTec to partner on their strategic capital programs. I'd like to highlight that during the second quarter, MasTec was awarded an approximately 700-mile high voltage transmission project that is expected to start in early 2025. We are experiencing significant demand for our services and look forward to continue delivering best in class execution for our customers in a safe, timely and cost-effective manner through the hard work and dedication of the men and women of MasTec."
MasTec首席执行官Jose Mas评论说：“我们对我们稳健的第二季度业绩感到满意，并期望在2024年余额和2025年继续发展。我们在多个领域的记录订单表明，我们的客户对MasTec作为其战略资本计划合作伙伴的信心。我想强调的是，在第二季度期间，MasTec获得了一项大约为700英里的高压输电项目，预计将在2025年初开始。我们正在经历巨大的服务需求，并期待通过MasTec的男女员工的辛勤工作和奉献以安全、及时和具有成本效益的方式继续为我们的客户提供最佳执行能力。
MasTec said it sees 2024 revenue of $12.4 billion, versus estimates of $12.55 billion. The company expects adjusted EPS of $3.03 versus expectations of $2.95.
MasTec表示，它预计2024年营业收入为124亿美元，预计为125.5亿美元。该公司预计调整后的每股收益为3.03美元，预期为2.95美元。
MasTec shares fell 0.5% to trade at $101.65 on Monday.
MasTec股价周一下跌0.5％，交易价为101.65美元。
These analysts made changes to their price targets on MasTec following earnings announcement.
这些分析师在MasTec发布财报后调整了他们的股价目标。
- Stifel analyst Brian Brophy maintained MasTec with a Buy and raised the price target from $120 to $121.
- Truist Securities analyst Jamie Cook reiterated the stock with a Hold and raised the price target from $109 to $112.
- B. Riley Securities analyst Alex Rygiel maintained MasTec with a Buy and boosted the price target from $132 to $134.
- Stifel分析师Brian Brophy维持了MasTec的买入评级，并将价格目标从120美元上调至121美元。
- Truist证券分析师Jamie Cook重申了其持有该股票，并将价格目标从109美元上调至112美元。
- b. Riley证券分析师Alex Rygiel维持了MasTec的买入评级，并将价格目标从132美元上调至134美元。
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