MasTec Inc. (NYSE: MTZ) has reported a loss for its first fiscal quarter (ending March 31) of $-0.53 versus a loss $-1.05 for the same period a year ago. This result fell short of the consensus estimate of $0.04 by $-0.57. E.P.S. were $-0.14 for the latest four quarters through March 31 versus $-0.13 for the same period a year ago.
Recent Price Action
On 5/2/24, MasTec Inc. (NYSE: MTZ) stock enjoyed a large increase of 2.9%, closing at $91.00. Moreover, trading volume in this advance was exceptionally high at 201% of normal. The stock has performed in line with the market over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MTZ is expected to continue to be a Value Builder.
MasTec has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. MasTec has a neutral Appreciation Score of 54 and a neutral Power Rating of 47, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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