MasTec Q4 2023 Adj EPS $0.660 Beats $0.440 Estimate, Sales $3.280B Beat $3.263B Estimate
Portfolio Pulse from Benzinga Newsdesk
MasTec (NYSE:MTZ) reported Q4 2023 adjusted EPS of $0.660, surpassing the $0.440 estimate, with sales of $3.280B also beating the $3.263B estimate. This represents a 9.04% increase in sales compared to the same period last year.
February 29, 2024 | 9:43 pm
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MasTec reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales increase.
Beating both EPS and sales estimates by significant margins, especially in a quarter, indicates strong operational performance and potentially higher future profitability. This outperformance, coupled with a notable year-over-year sales growth, is likely to positively influence investor sentiment and could lead to a short-term uptick in MTZ's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100