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Mastech Holdings Inc (MHH)
:MHH
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -10.02%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and record gross margins, indicating positive momentum. However, challenges such as below-expectation order bookings and a decline in the billable consultant base suggest some market uncertainty. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Mastech Digital Q4 2024 earnings call, the company refrained from providing specific guidance for future periods. The call focused on reporting financial results, including a 10.2% year-over-year increase in consolidated revenues for the fourth quarter, totaling $50.7 million. The Data and Analytics Services segment saw significant growth with revenues of $10.3 million, a 26.2% increase from the previous year. The IT Staffing Services segment reported revenues of $40.5 million, marking a 6.8% increase year-over-year. Mastech Digital achieved a company-record gross margin of 29% for the quarter, with notable margin expansions in both business segments. Despite these positive results, the company highlighted some uncertainties in the market, affecting order bookings, which totaled $11 million in Q4. The call emphasized the company's strategic focus on AI-driven solutions and digital modernization, with no immediate plans to provide guidance in subsequent meetings or calls.Strong Revenue Growth
Consolidated revenues for Q4 2024 totaled $50.7 million, a year-over-year increase of 10.2% compared to Q4 2023.
Data and Analytics Services Performance
The Data and Analytics Services segment reported revenues of $10.3 million, representing a 26.2% increase year-over-year and a 9.4% increase sequentially.
Record Gross Margins
Gross margin percent reached a company record of 29% in Q4 2024, with both business segments showing significant margin expansion.
Improved Profitability
GAAP net income for Q4 2024 was $0.3 million compared to a net loss of $5.4 million in Q4 2023. Non-GAAP net income for Q4 2024 was $2.8 million, a significant increase from $1.3 million in Q4 2023.
Strong Financial Position
The company ended the year with no bank debt, $27.7 million in cash, and $22.6 million in cash availability under the revolving credit facility.
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MHH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $12.87 | $12.15 | -5.59% |
| Nov 06, 2024 | $10.31 | $10.89 | +5.63% |
| Aug 07, 2024 | $8.11 | $9.10 | +12.21% |
| May 08, 2024 | $8.59 | $8.50 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mastech Holdings Inc (MHH) report earnings?
Mastech Holdings Inc (MHH) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Mastech Holdings Inc (MHH) earnings time?
Mastech Holdings Inc (MHH) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHH EPS forecast?
MHH EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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