MasTec Q2 2024 Adj. EPS $0.96 Beats $0.87 Estimate, Sales $2.961B Miss $3.092B Estimate
Portfolio Pulse from Benzinga Newsdesk
MasTec (NYSE:MTZ) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.87. However, sales of $2.961 billion missed the estimate of $3.092 billion. Sales increased by 3.02% year-over-year.
August 01, 2024 | 8:44 pm
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MasTec's Q2 2024 earnings per share of $0.96 beat estimates by 10.34%, but sales of $2.961 billion missed expectations by 4.24%. Sales increased by 3.02% year-over-year.
While MasTec's EPS beat expectations, the miss on sales could create mixed sentiment among investors. The year-over-year sales growth of 3.02% is a positive sign, but the shortfall in meeting sales estimates may temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100