MasTec Inc reports results for the quarter ended June 30 - Earnings Summary

• MasTec Inc MTZ.N reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of sixteen analysts for the quarter was for earnings of $1.40 per share. Wall Street expected results to range from $1.23 to $1.45 per share.

• Revenue rose 19.7% to $3.54 billion from a year ago; analysts expected $3.40 billion.

• MasTec Inc's reported EPS for the quarter was $1.09​.

• The company reported quarterly net income of $85.77 million.

• MasTec Inc shares had risen by 11.4% this quarter and gained 39.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for MasTec Inc is $195.00, about 3% above its last closing price of $189.21

This summary was machine generated from LSEG data July 31 at 10:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)