MasTec Q2 EPS $0.89 Beats $0.85 Estimate, Sales $2.87B Miss $3.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
MasTec (NYSE:MTZ) reported Q2 earnings of $0.89 per share, beating the analyst consensus estimate of $0.85 by 4.71%. However, the company's quarterly sales of $2.87 billion missed the analyst consensus estimate of $3.01 billion by 4.45%. This represents a 21.92% increase in earnings and a 24.85% increase in sales compared to the same period last year.
August 04, 2023 | 2:29 pm
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NEUTRAL IMPACT
MasTec's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty in the market, potentially impacting the stock price.
While MasTec's earnings beat is a positive sign, the sales miss indicates potential issues in revenue generation. This mixed performance could lead to uncertainty among investors, potentially causing volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100