Definitely in the top of it's class with a #1 ranking in the Heavy Construction Group/Building with a Composite Rating of 99 by Investors Business Daily. The last 3 Qtrs EPS growth was 82% with an EPS estimate change of 21% for the current quarter with a group Relative Strength Rating of A. This thing should be held on fundamentals alone. "The Barchart Technical Opinion rating is a 100% Buy with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend." (Barchart.com)
With EPS due on the 31st it's a great time to buy this little dip.
In a word, swingtrade; I often invest/trade using the CANSLIM method in hopes of catching a trend. Having said that I do appreciate fundamental analysis even further because I also have an investment portfolio. So for that thank you, much appreciated. Have a happy new year and good luck in your trading and investing throughout the new year!
Swiss_Expert
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@RonVau I have been investing for more than 40 years and have constantly experimented with all kinds of investing styles including swing trading. However, over the years fundamental investing has come to dominate my portfolio. Personally I like a combination of GARP and value styles. It’s not that other investing styles don’t have their profit potential. It’s just that, for me personally, looking at the fundamentals has tended to work well, and I often use unattractive fundamentals as an excuse to avoid a stock that I would have liked for other reasons. As for charts,if you have both good fundamentals and a good chart, you probably have a winning combination. When I rely on fundamentals alone, I am usually hoping to pick up an overlooked bargain, BEFORE the charts start to scream “BUY”. Mastec falls into that category. The chart is telling me nothing at the moment, but I am hoping it will become an investment manager pick for 2020. The real boost for the Mastec share price would come if they commence paying dividends. The rising profits and strong cash flow tell me that they can afford to do so. Happy New Year!
Swiss_Expert
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Based on the information available today, the Company is providing initial fourth quarter guidance, and updating full year 2019 guidance expectations. The Company currently estimates full year 2019 revenue of approximately $7.2 billion. Full year 2019 GAAP net income and diluted earnings per share are expected to approximate $385 million and $5.05, respectively. Regarding full year 2019 expectations for non-GAAP measures, adjusted EBITDA is expected to approximate $842 million or 11.7% of revenue and adjusted diluted earnings per share is expected to be $5.16, a 37% increase over 2018.
For the fourth quarter of 2019 the Company expects revenue of approximately $1.7 billion. Fourth quarter 2019 GAAP net income is expected to approximate $92 million with GAAP diluted earnings per share expected to approximate $1.21. Fourth quarter 2019 adjusted EBITDA, a non-GAAP measure, is expected to approximate $209 million with adjusted diluted earnings per share, a non-GAAP measure, expected to approximate $1.25.
Swiss_Expert
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At the time this article was written (23rd October 2019), the price was $67.71. Today (31st December 2019), the price is $64.50. That does not mean the author was wrong. In fact the author highlighted the EPS due on 31st October 2019, and the shares climbed strongly for several days after the announcement.
The results reinforced the “buy” recommendation.
Here are some extracts from the announcement made on 31st October 2019:
Q3 GAAP Diluted Earnings per Share of $1.69 and Adjusted Diluted Earnings per Share of $1.73, Increases of 11% and 30%, respectively over Last Year
- Q3 Adjusted EBITDA of $252 Million, an 11% Increase Over Last Year and $6 Million Above Guidance Expectation
- Record Year to Date Cash Flow from Operations of $441 Million
- Increasing 2019 Annual Guidance for Diluted Earnings per Share, Adjusted EBITDA and Adjusted Diluted Earnings per Share
Third quarter 2019 revenue was $2.02 billion, compared with $1.98 billion for the same period last year. GAAP net income increased 8% to $130.1 million, or $1.69 per diluted share, compared to $120.5 million, or $1.52 per diluted share, in the third quarter of 2018. GAAP results exceeded the Company's previously announced diluted earnings per share expectation by $0.12.
Third quarter 2019 adjusted net income, a non-GAAP measure, increased 26% to $132.8 million, compared to $105.2 million for the same period last year. Adjusted diluted earnings per share, a non-GAAP measure, increased 30% to $1.73, compared to $1.33 in the third quarter of 2018, exceeding the Company's previously announced third quarter 2019 expectation by $0.11.
Jose Mas, MasTec's Chief Executive Officer, commented, "We had a strong quarter and exceeded our earnings expectation with a 110-basis point improvement in adjusted EBITDA margin. We are pleased to raise our annual earnings guidance expectation, despite lower than originally expected third and fourth quarter Oil & Gas revenue, as regulatory delays on one large project caused shifts in construction activity and revenue to 2020."
Mr. Mas continued, "As we look forward into 2020 and beyond, we remain bullish about our growth prospects, with great visibility and strong demand for our Oil & Gas, Communications, Power Generation & Industrial and Electrical Transmission segments. We believe our growing end markets will allow us the opportunity to extend both our geographic base as well as our service offerings."
Mr. Mas concluded, "We are entering one of the most exciting advancements in the history of telecommunications. The deployment of 5G wireless technologies will create opportunities for the consumer, our customers and for MasTec. We are pleased to announce that we recently completed a fourth quarter acquisition that will expand our services to include wireless network integration, engineering and optimization, uniquely positioning MasTec to offer full "end-to-end" capabilities for our wireless customers.