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Exploring Analyst Estimates for MasTec (MTZ) Q2 Earnings, Beyond Revenue and EPS
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Analysts on Wall Street project that MasTec (MTZ - Free Report) will announce quarterly earnings of $2.19 per share in its forthcoming report, representing an increase of 47% year over year. Revenues are projected to reach $4.3 billion, increasing 21.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 14.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain MasTec metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Communications' should arrive at $875.25 million. The estimate points to a change of +4.6% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Power Delivery' will reach $1.17 billion. The estimate points to a change of +11.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Clean Energy and Infrastructure' reaching $1.67 billion. The estimate indicates a year-over-year change of +48%.
Analysts forecast 'Backlog' to reach $20.52 billion. The estimate compares to the year-ago value of $16.45 billion.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Communications' of $94.09 million. Compared to the present estimate, the company reported $82.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Power Delivery' will likely reach $104.69 million. The estimate is in contrast to the year-ago figure of $91.30 million.
The consensus estimate for 'Adjusted EBITDA- Other' stands at $7.00 million. The estimate is in contrast to the year-ago figure of $7.20 million.
The average prediction of analysts places 'Adjusted EBITDA- Clean Energy and Infrastructure' at $129.78 million. Compared to the present estimate, the company reported $83.30 million in the same quarter last year.
Shares of MasTec have demonstrated returns of -24.9% over the past month compared to the Zacks S&P 500 composite's +1.9% change. With a Zacks Rank #1 (Strong Buy), MTZ is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for MasTec (MTZ) Q2 Earnings, Beyond Revenue and EPS
Analysts on Wall Street project that MasTec (MTZ - Free Report) will announce quarterly earnings of $2.19 per share in its forthcoming report, representing an increase of 47% year over year. Revenues are projected to reach $4.3 billion, increasing 21.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 14.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain MasTec metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Communications' should arrive at $875.25 million. The estimate points to a change of +4.6% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Power Delivery' will reach $1.17 billion. The estimate points to a change of +11.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Clean Energy and Infrastructure' reaching $1.67 billion. The estimate indicates a year-over-year change of +48%.
Analysts forecast 'Backlog' to reach $20.52 billion. The estimate compares to the year-ago value of $16.45 billion.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Communications' of $94.09 million. Compared to the present estimate, the company reported $82.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Power Delivery' will likely reach $104.69 million. The estimate is in contrast to the year-ago figure of $91.30 million.
The consensus estimate for 'Adjusted EBITDA- Other' stands at $7.00 million. The estimate is in contrast to the year-ago figure of $7.20 million.
The average prediction of analysts places 'Adjusted EBITDA- Clean Energy and Infrastructure' at $129.78 million. Compared to the present estimate, the company reported $83.30 million in the same quarter last year.
View all Key Company Metrics for MasTec here>>>Shares of MasTec have demonstrated returns of -24.9% over the past month compared to the Zacks S&P 500 composite's +1.9% change. With a Zacks Rank #1 (Strong Buy), MTZ is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .