MTZ's fourth-quarter results reflect strong contributions from across the segments, with strong bookings of Clean Energy and Infrastructure projects.
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Although the revenue and EPS for MasTec (MTZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MasTec (MTZ) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $0.66 per share a year ago.
MTZ's Q4 results are likely to reflect a diversified business model and strong market demand amid uncertainties in customer spending.
Evaluate the expected performance of MasTec (MTZ) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MasTec, Inc. MTZ has lost 12.4% over the past month, reflecting the broader industry trend, as the Zacks Building Products - Heavy Construction industry has fallen 12.6% during the same period. Meanwhile, the Zacks Construction sector declined 4.5%, while the overall market, represented by the Zacks S&P 500 Composite, has risen 1.8%.
Here is how MasTec (MTZ) and Trex (TREX) have performed compared to their sector so far this year.
MasTec (MTZ) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
MasTec, Inc. MTZ shares are currently trading at a premium to the Zacks Building Products - Heavy Construction industry, with its forward 12-month price-to-earnings (P/E) ratio of 28.95X. The industry is currently trading at 22.47X.
The MTZ stock is trading at its all-time historical highs within a strong upward trend. Over the past 12 months, it has gained 124%, while the past decade has delivered +700%. The minimal and brief pullbacks confirm the strong shareholder base and positive expectations.
MasTec (MTZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).