MasTec eyes weakness in communications sector and growing backlog ahead of Q3 earnings release
MTZ Mastec Inc
$171.55 -5.20%
View chart & analysis → - 1MasTec raised its annual guidance in July and recorded a record backlog of $21.4 billion.
- 2The Street's expected Q3 revenue of $4.94 billion represents a 24.5% surge in MasTec's Q3 revenue compared to $3.97 billion in the same period last year.
- 3Management cut annual segment revenue to approximately $3.25 billion last quarter.
So what's the key point?
MasTec's Q3 revenue is expected to increase significantly to $4.94 billion as the company records a record backlog. However, the revenue outlook for the communications segment has been lowered, making the earnings release results important.
Source Earnings Whispers · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.