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
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(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.)