MasTec's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
MasTec (NYSE:MTZ) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts estimating an EPS of $0.44. The focus will be on whether MasTec beats this estimate and provides positive guidance for the next quarter. Historical data shows that MasTec's stock price is significantly affected by its earnings performance and guidance. Last quarter, MasTec missed its EPS estimate by $0.89, resulting in a 17.6% drop in its share price. Over the last year, MasTec's shares have decreased by 26.61%, indicating potential concern among long-term shareholders.
February 28, 2024 | 7:01 pm
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MasTec is expected to announce its quarterly earnings with an anticipated EPS of $0.44. Historical performance indicates a significant impact on stock price based on earnings outcomes and guidance. Last quarter's miss resulted in a 17.6% stock price drop, and the yearly performance shows a 26.61% decline.
MasTec's stock price has historically been sensitive to its earnings performance and guidance. Given the significant drop after last quarter's miss and the overall negative yearly performance, the upcoming earnings report could either stabilize or further impact the stock price, depending on whether it meets or exceeds expectations and the nature of the guidance provided.
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