MasTec Sees Q3 EPS $1.85-$2.13 Vs $2.12 Est.; Revenue $3.8B-$3.9B Vs $3.7B Est.; FY23 EPS $3.75-$4.19 Vs $4.51 Est.; Revenue $12.7B-$13B Vs $13.17B Est.
Portfolio Pulse from Happy Mohamed
MasTec has provided its Q3 and full year 2023 guidance. The company expects full year 2023 revenue to range from $12.7 billion to $13.0 billion, and Q3 revenue to range from $3.8 billion to $3.9 billion. Full year 2023 GAAP net income and diluted earnings per share are expected to range between $111 million and $141 million and $1.38 and $1.77, respectively. Q3 2023 GAAP net income is expected to range between $101 million and $122 million, with GAAP diluted earnings per share expected to range between $1.27 and $1.55.
August 04, 2023 | 2:34 pm
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NEUTRAL IMPACT
MasTec's Q3 and FY23 guidance indicates expected revenues and GAAP net income that could potentially impact the company's stock price.
The company's guidance for Q3 and FY23 provides key insights into its expected financial performance. These figures, particularly revenue and GAAP net income, are often closely watched by investors and can influence the company's stock price. However, the actual impact will depend on whether the company meets, exceeds, or falls short of these expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100