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Despite Fast-paced Momentum, MasTec (MTZ) Is Still a Bargain Stock
Zacks Investment Research· 2024-05-08 13:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
MasTec(MTZ) - 2024 Q1 - Earnings Call Transcript
2024-05-03 16:46
MasTec, Inc. (NYSE:MTZ) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Marc Lewis - Vice President-Investor Relations Jose Mas - Chief Executive Officer Paul DiMarco - Executive Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Alex Rygiel - B. Riley Sangita Jain - KeyBanc Jamie Cook - Truist Securities Brian Brophy - Stifel Steven Fisher - UBS Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Justin Hauke - Robert W ...
MasTec(MTZ) - 2024 Q1 - Earnings Call Presentation
2024-05-03 13:18
Q1 2024 Summary ·MasTec | --- | --- | --- | --- | --- | --- | |-------------|---------|-------------------------------------------------------------------------------------------------------------------------------|---------------------|--------------------|----------------------------| | | | | | | | | Revenue | • • | Record Q1 revenue increased ~4% yearover-year organically. Revenue exceeded guidance by ~$60M. | | Adjusted EBITDA 1 | | | | • | Total backlog of $12.8B reflects an increase | 18 Month Backlog ...
MasTec(MTZ) - 2024 Q1 - Quarterly Results
2024-05-03 10:07
Exhibit 99.1 Contact: J. Marc Lewis, Vice President-Investor Relations 305-406-1815 marc.lewis@mastec.com For Immediate Release MasTec Announces First Quarter 2024 Financial Results and Raises Guidance for the Year Coral Gables, FL (May 2, 2024) — MasTec, Inc. (NYSE: MTZ) today announced first quarter 2024 financial results and updated its full year 2024 guidance expectations. First quarter 2024 revenue was up 4% to $2.69 billion, a first quarter record, compared to $2.58 billion for the first quarter of 20 ...
MasTec(MTZ) - 2024 Q1 - Quarterly Report
2024-05-02 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-08106 ________________________ ...
MasTec Announces First Quarter 2024 Financial Results and Raises Guidance for the Year
Prnewswire· 2024-05-02 20:33
Record First Quarter 2024 Revenue of $2.7 Billion First Quarter 2024 GAAP Net Loss of $34.5 Million, a $46.0 Million Improvement over First Quarter 2023 and Beating Consensus Estimates by $33.1 Million First Quarter 2024 Adjusted EBITDA of $157.3 Million, a $54.8 Million Improvement Over First Quarter 2023 and Beating Consensus Estimates by $28.7 Million First Quarter 2024 Diluted Loss Per Share of $0.53 and Adjusted Diluted Loss Per Share of $0.13, Beating Consensus Estimates by $0.33 and $0.35, Respectiv ...
Why MasTec (MTZ) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-04-24 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Z ...
MasTec(MTZ) - 2023 Q4 - Earnings Call Transcript
2024-03-01 18:25
MasTec, Inc. (NYSE:MTZ) Q4 2023 Earnings Conference Call March 1, 2024 9:00 AM ET Company Participants Marc Lewis - Vice President-Investor Relations Jose Mas - Chief Executive Officer Paul DiMarco - Executive Vice President and Chief Financial Officer Conference Call Participants Sangita Jain - KeyBanc Capital Markets Brian Brophy - Stifel Andy Kaplowitz - Citigroup Steven Fisher - UBS Marc Bianchi - TD Cowen Neil Mehta - Goldman Sachs Adam Thalhimer - Thompson Davis Brett Castelli - Morningstar Justin Hau ...
MasTec(MTZ) - 2023 Q4 - Annual Report
2024-03-01 02:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-K _____________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (305) 599-1800 (Registrant's telephone number, including area code) Securities registered pursuant to ...
MasTec(MTZ) - 2023 Q4 - Annual Results
2024-03-01 02:24
Exhibit 99.1 Contact: 800 S. Douglas Road, 12th Floor J. Marc Lewis, Vice President-Investor Relations Coral Gables, Florida 33134 305-406-1815 Tel: 305-599-1800 marc.lewis@mastec.com www.mastec.com For Immediate Release MasTec Announces Fourth Quarter and Annual 2023 Financial Results and Provides Initial 2024 Guidance Coral Gables, FL (February 29, 2024) — MasTec, Inc. (NYSE: MTZ) today announced 2023 fourth quarter and full year financial results and issued its initial 2024 guidance expectation. For the ...