MasTec (MTZ) came out with quarterly earnings of $2.07 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.44 per share a year ago.
MTZ gears up for Q4 results with revenues seen up 9% and backlog rising to $16.9B amid strong power, pipeline and broadband demand.
Get a deeper insight into the potential performance of MasTec (MTZ) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
MasTec (MTZ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
MasTec (MTZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Ongoing public and private investment continues to underpin demand across the U.S. infrastructure construction landscape, with activity spanning transportation networks, utility systems, energy infrastructure, and mission-critical development tied to data centers and industrial expansion. Within this backdrop, Sterling Infrastructure STRL and MasTec, Inc. MTZ have emerged as two well-positioned contractors, each highlighting strong project activity, healthy customer demand, and a focus on disciplined execution across their respective platforms.
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MasTec delivered record Q3 results, with 21% y/y backlog growth to $16.8B, providing strong revenue visibility into 2026. MTZ's diversified segments—communications, clean energy, power delivery, and pipeline—each posted double-digit growth, with pipeline backlog surging 124% y/y. Margins are expanding as MTZ digests acquisitions, with adjusted EPS up 48% in Q3 and management guiding for 62% EPS growth in 2025.
MTZ rides on robust public spending, witnessing backlog growth and accretive acquisitions, lifting shares despite project and weather delays.
The United States energy, power and telecommunications market is booming on the back of incremental public spending initiatives undertaken by the government. Moreover, opportunities linked to Artificial Intelligence (AI) are further driving the growth prospects for the companies operating in these infrastructure markets, like Dycom Industries, Inc. DY and MasTec, Inc. MTZ.
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Sterling Infrastructure leads four construction stocks gaining momentum as record backlogs and infrastructure spending fuel growth into 2026.