MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings
MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings
MasTec, Inc. (NYSE:MTZ) reported better-than-expected second-quarter adjusted earnings results, after the closing bell on Thursday.
MasTec, Inc.（紐交所: MTZ）在週四收盤後公佈了比預期更好的第二季度調整後的收益結果。
MasTec reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate of 87 cents per share. The company reported quarterly sales of $2.961 billion which missed the analyst consensus estimate of $3.092 billion, according to data from Benzinga Pro.
MasTec每股收益爲96美分，超過了分析師預期的87美分。根據Benzinga Pro的數據，該公司第二季度銷售額爲29.61億美元，低於分析師預期的30.92億美元。
Jose Mas, MasTec's Chief Executive Officer, commented "We are pleased with our solid second quarter performance, and expect to build on this momentum during the balance of 2024 and in 2025. Our record backlog in multiple segments illustrates the confidence our customers have in MasTec to partner on their strategic capital programs. I'd like to highlight that during the second quarter, MasTec was awarded an approximately 700-mile high voltage transmission project that is expected to start in early 2025. We are experiencing significant demand for our services and look forward to continue delivering best in class execution for our customers in a safe, timely and cost-effective manner through the hard work and dedication of the men and women of MasTec."
MasTec首席執行官Jose Mas評論說：“我們對我們穩健的第二季度業績感到滿意，並期望在2024年餘額和2025年繼續發展。我們在多個領域的記錄訂單表明，我們的客戶對MasTec作爲其戰略資本計劃合作伙伴的信心。我想強調的是，在第二季度期間，MasTec獲得了一項大約爲700英里的高壓輸電項目，預計將在2025年初開始。我們正在經歷巨大的服務需求，並期待通過MasTec的男女員工的辛勤工作和奉獻以安全、及時和具有成本效益的方式繼續爲我們的客戶提供最佳執行能力。
MasTec said it sees 2024 revenue of $12.4 billion, versus estimates of $12.55 billion. The company expects adjusted EPS of $3.03 versus expectations of $2.95.
MasTec表示，它預計2024年營業收入爲124億美元，預計爲125.5億美元。該公司預計調整後的每股收益爲3.03美元，預期爲2.95美元。
MasTec shares fell 0.5% to trade at $101.65 on Monday.
MasTec股價週一下跌0.5％，交易價爲101.65美元。
These analysts made changes to their price targets on MasTec following earnings announcement.
這些分析師在MasTec發佈業績後調整了他們的股價目標。
- Stifel analyst Brian Brophy maintained MasTec with a Buy and raised the price target from $120 to $121.
- Truist Securities analyst Jamie Cook reiterated the stock with a Hold and raised the price target from $109 to $112.
- B. Riley Securities analyst Alex Rygiel maintained MasTec with a Buy and boosted the price target from $132 to $134.
- Stifel分析師Brian Brophy維持了MasTec的買入評級，並將價格目標從120美元上調至121美元。
- Truist證券分析師Jamie Cook重申了其持有該股票，並將價格目標從109美元上調至112美元。
- b. Riley證券分析師Alex Rygiel維持了MasTec的買入評級，並將價格目標從132美元上調至134美元。
Read More:
閱讀更多：
- Home Depot To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Monday
- 家得寶將會上漲超過14％嗎？以下是週一十大主要分析師的預測。
譯文內容由第三人軟體翻譯。