Latest news with #MasTec
Yahoo
04-08-2025
- Business
- Yahoo
Coinbase downgraded, Spotify upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: Phillip Securities upgraded Spotify (SPOT) to Neutral from Reduce with an unchanged price target of $600. The firm cites the recent share pullback for the upgrade. Oppenheimer upgraded Alnylam (ALNY) to Outperform from Perform with a $490 price target. The first full quarter of Amvuttra sales in transthyretin amyloid cardiomyopathy sales beat by a sizable margin as Alnylam secured payer agreements much faster than anticipated, the firm tells investors in a research note. Wolfe Research also upgraded Alnylam to Peer Perform from Underperform and removed the firm's prior $368 price target. Baird upgraded MasTec (MTZ) to Outperform from Neutral with a price target of $210, up from $180. While the company's Q2 report wasn't great, the post-earnings selloff is overdone, the firm tells investors in a research note. Northland upgraded CommScope (COMM) to Outperform from Market Perform with a price target of $12, up from $4, citing "very strong" AI Optical datapoints last week from both hyperscale customers and peers such as Corning (GLW) that the firm says bode well for the CCS Connectivity unit. William Blair upgraded ViaSat (VSAT) to Outperform from Market Perform. The firm's sum-of-the-parts analysis indicates there is greater than 100% upside to the shares over the next year. Top 5 Downgrades: Compass Point downgraded Coinbase (COIN) to Sell from Neutral with a price target of $248, down from $330. The firm remains constructive on the current crypto cycle, but expects a "choppy" Q3 with weak August and September seasonality along with waning retail interest in crypto treasury stocks. Stifel downgraded Baxter (BAX) to Hold from Buy with a price target of $25, down from $36. Despite recent positive portfolio transformation initiatives, Baxter's "disappointing" Q2 performance, full-year guidance reduction, and the 2026 outlook leave the firm "feeling that the path to reliably consistent mid-single-digit sales growth and more-meaningful margin expansion could take longer than previously-thought," the firm tells investors. Piper Sandler downgraded AvalonBay (AVB) to Neutral from Overweight with a price target of $200, down from $255. The Q2 earnings reports in real estate thus far have shown weaker fundamentals for apartments, the firm tells investors in a research note. Piper Sandler also downgraded Essex Property Trust (ESS) to Neutral from Overweight with a price target of $275, down from $355. Stephens downgraded Cathay General (CATY) to Equal Weight from Overweight with an unchanged price target of $50. With Cathay raising its net interest margin guidance in April and net interest margin expansion having slowed materially such that NIM guidance was reiterated this quarter, the firm believes its prior upgrade rationale predicated on less-appreciated fixed asset repricing potential catalysts have "mostly played out," the firm tells investors. Wolfe Research downgraded Vera Therapeutics (VERA) to Peer Perform from Outperform without a price target. The firm sees limited near-term upside in the shares given a lack of catalysts, increasing competitive pressure and "fading" takeover prospects. Top 5 Initiations: Morgan Stanley resumed coverage of Chevron (CVX) with an Overweight rating and $174 price target. The firm believes the closing of the Hess acquisition removes an overhang on the shares and strengthens Chevron's business model. Citizens JMP initiated coverage of AeroVironment (AVAV) with an Outperform rating and $325 price target. The firm views the U.S. government's priorities, budget allocations, and new procurement mindset serve as tailwinds for AeroVironment. TD Cowen initiated coverage of Akero Therapeutics (AKRO) with a Buy rating and $76 price target. The firm believes the company's efruxifermin, an FGF21 analog, has a "differentiated" clinical profile and see commercial success in metabolic dysfunction-associated steatohepatitis. UBS initiated coverage of Pony AI (PONY) with a Buy rating and $20 price target, which implies 53% upside from current levels. Pony is best positioned for China's robotaxi commercialization, the firm tells investors in a research note. BofA initiated coverage of Liberty Formula One (FWONK) with a Neutral rating and $110 price target. The firm believes the risk/reward is balanced at current levels as strong execution over the last several years is priced into shares.
Yahoo
03-08-2025
- Business
- Yahoo
Sterling (STRL) Reports Q2: Everything You Need To Know Ahead Of Earnings
Civil infrastructure construction company Sterling Infrastructure (NASDAQ:STRL) will be announcing earnings results this Monday after the bell. Here's what to look for. Sterling beat analysts' revenue expectations by 5.4% last quarter, reporting revenues of $430.9 million, down 2.1% year on year. It was a stunning quarter for the company, with full-year EBITDA guidance exceeding analysts' expectations and full-year revenue guidance exceeding analysts' expectations. Is Sterling a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Sterling's revenue to decline 4.9% year on year to $554.4 million, a reversal from the 11.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sterling has missed Wall Street's revenue estimates four times over the last two years. Looking at Sterling's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EMCOR delivered year-on-year revenue growth of 17.4%, beating analysts' expectations by 4.9%, and MasTec reported revenues up 19.7%, topping estimates by 4.2%. EMCOR traded down 2.3% following the results while MasTec was also down 8%. Read our full analysis of EMCOR's results here and MasTec's results here. Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Sterling is up 11.1% during the same time and is heading into earnings with an average analyst price target of $256.33 (compared to the current share price of $263.30). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-08-2025
- Business
- Yahoo
What To Expect From AECOM's (ACM) Q2 Earnings
Infrastructure consulting service company AECOM (NYSE:ACM) will be announcing earnings results this Monday after the bell. Here's what to expect. AECOM missed analysts' revenue expectations by 9.5% last quarter, reporting revenues of $3.77 billion, down 4.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' adjusted operating income estimates. Is AECOM a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AECOM's revenue to grow 4.1% year on year to $4.32 billion, slowing from the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AECOM has missed Wall Street's revenue estimates three times over the last two years. Looking at AECOM's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EMCOR delivered year-on-year revenue growth of 17.4%, beating analysts' expectations by 4.9%, and MasTec reported revenues up 19.7%, topping estimates by 4.2%. EMCOR traded down 2.3% following the results while MasTec was also down 8%. Read our full analysis of EMCOR's results here and MasTec's results here. Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. AECOM is down 4.7% during the same time and is heading into earnings with an average analyst price target of $124.50 (compared to the current share price of $110). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
03-08-2025
- Business
- Yahoo
What To Expect From AECOM's (ACM) Q2 Earnings
Infrastructure consulting service company AECOM (NYSE:ACM) will be announcing earnings results this Monday after the bell. Here's what to expect. AECOM missed analysts' revenue expectations by 9.5% last quarter, reporting revenues of $3.77 billion, down 4.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' adjusted operating income estimates. Is AECOM a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AECOM's revenue to grow 4.1% year on year to $4.32 billion, slowing from the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AECOM has missed Wall Street's revenue estimates three times over the last two years. Looking at AECOM's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EMCOR delivered year-on-year revenue growth of 17.4%, beating analysts' expectations by 4.9%, and MasTec reported revenues up 19.7%, topping estimates by 4.2%. EMCOR traded down 2.3% following the results while MasTec was also down 8%. Read our full analysis of EMCOR's results here and MasTec's results here. Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. AECOM is down 4.7% during the same time and is heading into earnings with an average analyst price target of $124.50 (compared to the current share price of $110). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
MasTec Inc (MTZ) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic Expansion
Revenue: $3.54 billion for Q2 2025, a 20% year-over-year increase and a 25% sequential increase. Adjusted EBITDA: $275 million, meeting forecast expectations. Non-Pipeline Business EBITDA: Increased from $181 million to $257 million, a 42% year-over-year increase. Non-Pipeline Business Revenue: Up 26% year-over-year. Communications Segment Revenue: Increased 42% year-over-year. Power Delivery Revenue: Increased 20% year-over-year. Clean Energy & Infrastructure Revenue: Grew 20% year-over-year. Pipeline Infrastructure Revenue: $540 million, a 52% sequential increase. Total Company Backlog: $16.45 billion, a 23% year-over-year increase. EPS Guidance: Midpoint of $6.34 per share, a 60% year-over-year increase. Cash Flow from Operations: $6 million for Q2 2025, $84 million year-to-date. Free Cash Flow: Use of $45 million in Q2 2025. Share Repurchases: $40 million in Q2 2025, with a new $250 million repurchase program authorized. 2025 Revenue Guidance: Increased to $13.9 billion to $14 billion. 2025 Adjusted EBITDA Guidance: $1.13 billion to $1.16 billion. 2025 Cash Flow from Operations Guidance: $700 million to $750 million. Warning! GuruFocus has detected 9 Warning Signs with MTZ. Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points MasTec Inc (NYSE:MTZ) exceeded revenue guidance, met EBITDA expectations, and surpassed EPS guidance for Q2 2025. Non-pipeline business segments showed significant growth, with a 42% year-over-year increase in EBITDA and a 26% rise in revenue. The company reported a healthy backlog with a 23% year-over-year growth, indicating strong future demand. Revenue guidance for 2025 was increased to a range of $13.9 billion to $14 billion, reflecting strong demand across segments. MasTec Inc (NYSE:MTZ) added nearly 4,000 new team members in Q2, indicating preparation for future growth and demand. Negative Points Pipeline segment experienced a 6% revenue decline and a drop in EBITDA due to challenging comparisons from the previous year. Investments in headcount and equipment are impacting margins in 2025, particularly in the pipeline segment. Free cash flow for Q2 was a use of $45 million, compared to a source of $253 million in the prior year quarter. The company faces uncertainties related to federal legislative processes and potential impacts on future projects. There are concerns about project inefficiencies in the Power Delivery segment, which could affect margins. Q & A Highlights Q: How did policy uncertainty affect MasTec's clean energy projects and bookings for 2026? A: Jose Mas, CEO, stated that customer plans for 2025 and 2026 remain unaffected by policy uncertainty. The bookings success in the first and second quarters was independent of federal legislative processes. MasTec is well-positioned for 2026 growth, and the recent legislation is seen as beneficial for the company. Q: What is the outlook for MasTec's Power Delivery segment, and what types of projects are being targeted? A: Jose Mas, CEO, mentioned that MasTec is focused on all types of projects, including high-voltage lines and substations. The company expects to grow nearly 20% organically in this segment for the year, with margin improvements anticipated in the second half. MasTec aims to be a key player in both large projects and day-to-day business. Q: How are MasTec's Tier 1 customers positioned for potential changes in safe harboring projects beyond 2027? A: Jose Mas, CEO, explained that many customers have large portfolios of safe harbor projects. The legislation allows for maintaining credits through 2027, with opportunities to safe harbor projects into mid-2026. Top-tier developers are expected to manage any changes effectively, positioning MasTec well for long-term growth. Q: What is the expected trajectory for MasTec's EBITDA margins in 2026 and 2027? A: Jose Mas, CEO, expressed optimism about margin improvements across all segments. While not committing to double-digit margins by 2026, he emphasized that the long-term goal is achievable, driven by a favorable business mix and strong market positioning. Q: Can you provide more details on the pipeline segment's revenue forecast and backlog development? A: Jose Mas, CEO, stated that the pipeline business is expected to resemble 2024 levels by 2026, with significant growth potential beyond that. The company is making investments in people and equipment to prepare for a large cycle starting in 2026, despite a slight sequential backlog decline. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
