MasTec Inc. (NYSE: MTZ) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.01 versus $0.04 for the same period a year ago — a decline of -75%. This performance was $-0.43 short of the consensus estimate of $0.44. E.P.S. were $-0.64 for the latest four quarters through December 31 versus $0.45 for the same period a year ago — a decline of -242%.
Recent Price Action
On 2/29/24, MasTec Inc. (NYSE: MTZ) stock rose modestly by 0.9%, closing at $75.46. Moreover, this advance was accompanied by exceptionally high trading volume at 210% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.7% during the last week.
Current PriceTarget Research Rating
MTZ’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
MasTec has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MasTec has a neutral Appreciation Score of 54 but a poor Power Rating of 19, resulting in the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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