MasTec (NYSE: MTZ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict MasTec's revenues will improve 18.4% and EPS will improve 12.9%.
The average estimate for revenue is $889.3 million. On the bottom line, the average EPS estimate is $0.35.
Revenue details
Last quarter, MasTec chalked up revenue of $778.5 million. GAAP reported sales were 26% higher than the prior-year quarter's $618.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.17. GAAP EPS of $0.17 for Q1 were 35% lower than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 12.1%, 240 basis points worse than the prior-year quarter. Operating margin was 4.1%, 270 basis points worse than the prior-year quarter. Net margin was 1.8%, 160 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $3.39 billion. The average EPS estimate is $1.42.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 183 members out of 199 rating the stock outperform, and 16 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give MasTec a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MasTec is outperform, with an average price target of $24.00.
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