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Mastech Digital Inc   (MHH)
Other Ticker:  
 
    Sector  Services    Industry Consulting Services
   Industry Consulting Services
   Sector  Services
 
Price: $7.9500 $0.20 2.581%
Day's High: $7.95 Week Perf: 7.14 %
Day's Low: $ 7.61 30 Day Perf: 3.79 %
Volume (M): 4 52 Wk High: $ 11.44
Volume (M$): $ 28 52 Wk Avg: $8.89
Open: $7.93 52 Wk Low: $7.15



 Market Capitalization (Millions $) 92
 Shares Outstanding (Millions) 12
 Employees 1,500
 Revenues (TTM) (Millions $) 193
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 1

Mastech Digital Inc
Mastech Digital Inc. is a leading provider of digital transformation services and IT staffing solutions. The company has a strong presence in the United States, India, and Canada, and serves clients across various industries, including healthcare, finance, manufacturing, retail, and energy.

Founded in 1986, Mastech Digital has evolved into a specialist in providing digital solutions that help companies achieve improved business processes, enhanced customer experience, and increased profitability. The company offers a wide range of services, including digital strategy consulting, application development and management, data analytics, cloud computing, and cybersecurity.

Mastech Digital has a team of highly-skilled professionals who are committed to delivering superior business value to their clients. They have a strong focus on building long-term relationships with clients and work closely with them to understand their specific business needs and tailor solutions that meet those needs.

The company has a flexible engagement model that allows clients to choose the most suitable engagement mode for their business. They offer project-based solutions, managed services, and staff augmentation services that can be customized to fit the specific needs and budget of the client.

Mastech Digital has a well-established recruiting and retention strategy that helps them attract and retain highly skilled professionals. The company invests heavily in employee training and development, providing a comprehensive learning and development program to ensure their staff stays up to date with the latest industry trends and technologies.

In terms of its financial performance, Mastech Digital has consistently performed well over the years. The company reported revenue of $214.5 million in 2020, a 14% increase from the previous year. They have a strong balance sheet with no debt and cash and short-term investments of $28.9 million as of December 31, 2020.

Overall, Mastech Digital is a highly reputable company that has established itself as a leader in the digital transformation and IT staffing industry. With its strong focus on delivering value to clients and investing in employee development, the company is well-positioned to continue growing and expanding its services.


   Company Address: 1305 Cherrington Parkway Moon Township 15108 PA
   Company Phone Number: 787-2100   Stock Exchange / Ticker: NYSEAMER MHH
   


   

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Mastech Digital Inc

MHH Reports Deficit due to Weak Sales in First Quarter of 2024 at Mastech Digital Inc.

The most recent fiscal period for Mastech Digital Inc has shown some mixed results, with the company experiencing both positive and negative changes in key financial metrics.
One notable change is in the company's earnings per share (EPS), which saw a decrease from $0.02 per share to $-0.01 per share compared to the prior year. However, there was an improvement from the prior quarter, with EPS increasing from $-0.46 per share. This shows that while there may have been a decline year-over-year, there has been some positive momentum in the most recent quarter.
Revenue for Mastech Digital Inc also saw some fluctuations, with a significant decrease of -14.965% to $46.82 million from $55.06 million in the corresponding quarter a year prior. However, sequentially revenue increased by 1.674% from $46.05 million. This indicates that while there may have been a decline in overall revenue compared to the prior year, there has been some growth in revenue from the previous quarter.

Mastech Digital Inc

Mastech Digital Inc Faces Financial Struggles with Loss on Weak Sales


Date: March 31, 2024
Mastech Digital Inc (MHH), a leading Consulting Services company, experienced a challenging financial period closing on December 31, 2023. The company witnessed a decline in revenue, a significant drop in earnings per share (EPS), and a net loss compared to the previous year's results. Market analysts attribute these negative trends to several factors including a decrease in demand and other financial difficulties.
Financial Performance Highlights:
1. Earnings per Share (EPS): MHH reported a loss of $0.46 per share for the financial time-frame ending December 31, 2023, compared to a positive EPS of $0.13 in the same period the previous year. This signifies a decrease in profitability for the company.
2. Revenue Decline: MHH experienced a substantial decrease in revenue, falling by approximately 19.512% to $46.05 million from $57.22 million in the same quarter the previous year. Sequentially, the revenue decreased by 3.615% from $47.78 million.

Mastech Digital Inc

Disappointing Third Quarter Results Highlight Challenges for Mastech Digital Inc. as Revenue Declines by 24.34% and Earnings Deteriorate by 95% in 2023

/>Mastech Digital Inc., a leading provider of Digital Transformation IT services and staffing solutions, seems to have hit a rough patch in the third quarter of the 2023 earnings season. The company witnessed a significant decline in revenue by 24.34%, resulting in a substantial deterioration in earnings by 95%. The recent financial report showcases worrying figures, reflecting a decline in both revenue and earnings on a year-over-year basis. Additionally, the stock's recent performance, though showing a slight improvement, does not inspire much confidence for the future.
1. Weak Revenue Performance:
Mastech Digital Inc. experienced a decline in revenue, recording only $47.78 million compared to $63.15 million the previous year. This figure demonstrates a significant deterioration of nearly 24.34%, indicating the company faces challenges in generating consistent sales.

Mastech Digital Inc

Mastech Digital Inc's Consulting Services Plunge into Deficit, Raising Eyebrows in Fiscal Q2 2023

Mastech Digital Inc, a leading player in the Consulting Services industry, faced a challenging fiscal second quarter of 2023, as it slipped into a deficit of $-0.19 per share. This compares unfavorably to earnings of $0.20 per share reported in the same period last year. Furthermore, earnings per share fell from $0.02 per share in the previous reporting season.
One of the major factors contributing to this decline in profitability was a considerable reduction in revenue. Mastech Digital Inc reported a revenue decrease of -15.959% to $52.20 million in the second quarter of 2023, compared to $62.12 million in the same period a year ago. Furthermore, revenue declined by -5.192% sequentially, falling from $55.06 million.

Mastech Digital Inc

Mastech Digital Inc's Revenue Takes a Hit, Profits Plummet in First Quarter of 2023

Mastech Digital Inc is a consulting services company that focuses on providing technology solutions and related services to various industries such as healthcare, financial services, retail, hospitality, and telecom. The company is headquartered in Pittsburgh, Pennsylvania, and has offices across the United States, Canada, India, and the United Kingdom. Mastech Digital Inc provides services such as application development, internet of things solutions, data analytics, and business intelligence.
Looking at the financial results for the first quarter of 2023, it is evident that Mastech Digital Inc's revenue declined by -7.852% to $55.06 million from $57.22 million in the same reporting season a year prior. This is mainly due to softness in revenues that caused profits to drop significantly by -89.47% to $0.02 per share from $0.19 per share. This decline in revenue negatively impacted the company's net earnings, which fell by -88.81% to $0.261 million in the financial first quarter of 2023 from $2.332 million in the corresponding period a year before.






 

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Mastech Digital Inc does not provide revenue guidance.

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