MasTec Sees 2024 Revenue ~$12.55B vs $12.53B Est., Sees Q2 Revenue ~$3.1B vs $3.16B Est.
Portfolio Pulse from Benzinga Newsdesk
MasTec projects its 2024 revenue to be approximately $12.55 billion, slightly above the estimated $12.53 billion. For Q2, the company expects revenue to be around $3.1 billion, slightly below the estimated $3.16 billion.
May 02, 2024 | 9:16 pm
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MasTec expects 2024 revenue to slightly exceed estimates at $12.55 billion and anticipates Q2 revenue to be slightly below expectations at $3.1 billion.
The projection of 2024 revenue slightly above estimates could be seen as a positive signal, indicating potential growth or stability. However, the lower-than-expected revenue forecast for Q2 introduces a note of caution. The mixed signals may lead to a neutral short-term impact on the stock price, as investors weigh the positive long-term outlook against the short-term shortfall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100