MasTec, Inc. (MTZ) Tops Q1 EPS by 1c; Guides Q2 EPS, Revs; Boosts FY14 Outlook

MasTec, Inc. (NYSE: MTZ) reported Q1 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $964 million versus the consensus estimate of $920.95 million.

MasTec, Inc. sees Q2 2014 EPS of $0.53, versus the consensus of $0.56. MasTec, Inc. sees Q2 2014 revenue of $1.15-1.20 billion, versus the consensus of $1.12 billion.

The Company is raising full year 2014 revenue and reaffirming earnings and EBITDA guidance and adding guidance for the second quarter. The Company currently estimates 2014 revenue of approximately $4.7 to $4.8 billion. 2014 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $520 to $525 million, with continuing operations adjusted diluted earnings per share at $2.27 to $2.30.

*** The Street is looking for FY14 EPS of $2.29 and revs of $4.69 billion.

For earnings history and earnings-related data on MasTec, Inc. (MTZ) click here.

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