MasTec Cuts 2023 Revenue Outlook From $12.7B-$13B To $12B, Adjusted EPS From $3.75-$4.19 To $1.75
Portfolio Pulse from Benzinga Newsdesk
MasTec has reduced its 2023 revenue forecast from $12.7B-$13B to $12B and adjusted EPS from $3.75-$4.19 to $1.75.
October 31, 2023 | 9:20 pm
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NEGATIVE IMPACT
MasTec's reduced 2023 revenue and EPS forecast could negatively impact its stock price in the short term.
MasTec's reduced revenue and EPS forecast for 2023 indicates potential financial challenges or slower growth, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100