MasTec Q3 2024 Adj. EPS $1.63 Beats $1.23 Estimate, Sales $3.252B Miss $3.425B Estimate
Portfolio Pulse from Benzinga Newsdesk
MasTec reported Q3 2024 earnings per share of $1.63, surpassing the analyst estimate of $1.23. However, its sales of $3.252 billion fell short of the expected $3.425 billion, marking a slight decrease from the previous year's sales.
October 31, 2024 | 8:36 pm
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MasTec's Q3 2024 earnings per share exceeded expectations, but sales were below estimates, indicating mixed financial performance.
The positive EPS surprise suggests strong profitability, which is favorable for the stock. However, the sales miss indicates potential challenges in revenue generation, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100