MasTec, Inc. (NYSE:MTZ) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.68 per share.
Looking ahead, the full year income are expected at $ 4.92 per share on the revenues of $ 7000.49 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.67 ~ $ 1.67 per share, while revenues are expected in a range of $ 1,900.00 million ~ $ 1,900.00 million
Full Year 2020 topline are forecasted in a range of$ 7,000.00 million ~ $ 7,000.00 million, where as bottomline are predicted in a range of $ 4.93 ~ $ 4.93 per share
Click Here For More Historical Outlooks Of MasTec, Inc.
Previous Quarter Performance
MasTec, Inc. unveiled income for the second quarter of $ 0.95 per share, from the revenue of $ 1,569.00 million. The quarterly earnings shrunk 40.63 percent while revenues shrunk 19.08 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.80 per share from $ 1533.78 million in revenue. The bottom line results beat street analysts by $ 0.15 or 18.75 percent, at the same time, top line results outshined analysts by $ 35.22 million or 2.30 percent.
Stock Performance
Shares of MasTec, Inc. traded low $ -0.58 or -1.22 percent on Wednesday, reaching $ 47.08 with volume of 659.90 thousand shares. MasTec, Inc. has traded high as $ 47.62 and has cracked $ 45.81 on the downward trend
According to the previous trading day, closing price of $ 47.08, representing a 111.73 % increase from the 52 week low of $ 22.51 and a 35.34 % decrease over the 52 week high of $ 73.71.
The company has a market capital of $ 3.48 billion and is part of the Industrials sector and Engineering & Construction industry.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; natural gas, crude oil, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure; and other civil construction infrastructure.
