Mastech Digital Q4 revenue falls 10.4% on cautious client spending

Reuters
02/19
Mastech Digital Q4 revenue falls 10.4% on cautious client spending

Overview

  • IT services provider's Q4 revenue fell 10.4% yr/yr

  • GAAP net income for Q4 rose to $1.0 mln from $0.3 mln last year

  • Company announced $5 mln share repurchase program

Outlook

  • Company plans to accelerate investments in strategic growth priorities including Data and AI

  • Mastech Digital views 2026 as a year of execution for its transformation agenda

  • Company did not provide specific financial guidance for 2026

Result Drivers

  • CAUTIOUS CLIENT SPENDING - Data and Analytics Services segment revenue declined due to cautious client spending and elongated decision-making cycles

  • REDUCED BILLABLE CONSULTANTS - IT Staffing Services segment revenue fell due to a decrease in billable consultants

  • TRANSFORMATION PLAN - Co continued progress on transformation plan, including EDGE initiative, driving operational improvements

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$45.46 mln

$46.91 mln (2 Analysts)

Q4 Net Income

$972,000

Q4 Gross Profit

$12.88 mln

Q4 Income from Operations

$1.007 mln

Q4 Pretax Profit

$1.38 mln

Analyst Coverage

  • Wall Street's median 12-month price target for Mastech Digital Inc is $13.20, about 91.3% above its February 18 closing price of $6.90

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nCNWWldMqa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10