Wall Street expects a year-over-year increase in earnings on higher revenues when MasTec (MTZ) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better than expec ...

MasTec, Inc.'s (MTZ) business has been witnessing strong growth over the past few quarters. This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. In the past six months, MasTec's stock has gained 35% comparing favorably with the Zacks Building Products - Heavy Construction industry, the broader Construction sector and the S&P 500 index's growth of 27.3%, 7.7% and 10.8%, respectively. MTZ stock also outpaced its competitors like EMCOR Group, Inc. ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MasTec (MTZ) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question. MasTec is a member of our Construction group, which includes 91 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 di ...

Core Viewpoint - MasTec, Inc. (MTZ) has demonstrated strong stock performance, gaining nearly 31% over the past six months, significantly outperforming its industry and broader market indices [1][3]. Company Performance - MTZ's stock has outperformed competitors such as EMCOR Group, Quanta Services, and AECOM, which saw gains of 18.9%, 10.8%, and 6.3% respectively during the same period [3]. - The stock is currently trading at $110.40, above its 50-day moving average of $106.62, indicating strong technical support [3]. Growth Outlook - The company is optimistic about growth opportunities, with a robust 18-month backlog of $13.3 billion providing visibility into 2024 [4]. - Full-year revenue guidance has been raised to $12.4 billion, up from a previous estimate of $12.55 billion, reflecting a year-over-year increase from $12 billion [4]. - Adjusted EBITDA is projected to reach $975 million, an increase from $860.3 million in 2023, with an improved margin of 7.9% [4]. Segment Performance - The Clean Energy and Infrastructure segment is expected to grow by 10% in 2024, reaching $4.4 billion in revenues [5]. - The backlog for the Clean Energy and Infrastructure segment increased by 10.3% year-over-year, with a 1.2x book-to-bill ratio, indicating strong future project visibility [6]. - The Power Delivery segment backlog saw a 12% year-over-year increase, supported by a major high-voltage transmission project starting in 2025, projected to generate $300-$500 million annually through 2028 [6]. Strategic Initiatives - MasTec has strengthened its relationship with AT&T, its largest wireless client, which is expected to significantly boost its wireless business starting in the second half of 2024 [9]. - The company is positioned for nearly 20% organic revenue growth in the second half of 2024, driven by demand for wireline services and anticipated funding from the Broadband Equity, Access, and Deployment (BEAD) program [10]. Investment Strategy - MasTec remains focused on strategic acquisitions, completing four in 2023 and five in 2022, while also holding equity stakes in telecommunications entities [11]. - Analysts have shown confidence in MTZ, with upward revisions in earnings estimates for 2024 and 2025 [13]. - The company has a solid earnings surprise history, surpassing consensus estimates in three of the last four quarters, with an average surprise of 19.4% [14]. Market Position - MasTec, with an $8.75 billion market cap, is well-positioned to capitalize on converging trends in the infrastructure construction sector, making it an attractive investment option [16]. - Upward revisions in earnings estimates support its Zacks Rank 2 (Buy) rating, reinforcing its appeal to investors [17].

CORAL GABLES, Fla., Sept. 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in two analyst fireside chats in September. The Morgan Stanley 12th Annual Laguna Conference presentation will be on September 12th at approximately 1:25 PM PDT. The DADCO 23rd Annual Diversified Industrials & Services Conference presentation will be on September 19th at approximately 2:00 PM CDT. One-on-one meetings with institutional investors and MasTec's management ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] Group 2: MasTec (MTZ) Stock Analysis - MasTec (MTZ) has shown a price increase of 6.2% over the past four weeks, indicating growing investor interest [4] - MTZ gained 0.7% over the past 12 weeks and has a beta of 1.65, suggesting it moves 65% more than the market [5] - MTZ has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - MTZ is trading at a Price-to-Sales ratio of 0.72, suggesting it is undervalued at 72 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides MTZ, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify potential winning stocks [9]

Core Insights - The article discusses the journey of Rich Karlgaard, a late bloomer who eventually found success, and draws parallels to MasTec (MTZ), suggesting that late-blooming companies can also thrive despite past struggles [3][15]. Company Overview - MasTec is positioned within a growing industry that is essential for building the infrastructure of the digital world, including sectors like AI, climate change, digital healthcare, and electric vehicles [3][15]. - The company has a long history, with predecessor companies dating back to 1929, and it went public in 1998 [6]. Financial Performance - MasTec's revenue growth over the past three years has been 19.88%, significantly higher than the industry median of 11.14% [8]. - However, the company's EBITDA growth has been negative at -2.38% over three years, contrasting with the industry median of 11.73% [8]. - The company has faced challenges in translating sales growth into profitability, with core fundamentals showing weakness [8][9]. Recent Developments - MasTec has been actively acquiring companies, spending $1.2 billion in 2021 and $635.8 million in 2022, which has increased its long-term debt significantly [14]. - The company has encountered difficulties with its recent acquisition of Infrastructure and Energy Alternatives (IEA), leading to revenue challenges in its Clean Energy and Infrastructure segment [14][15]. Future Outlook - Despite recent setbacks, MasTec's management expresses confidence in future growth, particularly in the Clean Energy and Infrastructure segment, with expectations of significant revenue growth in the second half of 2023 [15][22]. - The company anticipates organic revenue growth of nearly 20% in 2024 compared to the previous year [23]. Industry Trends - The Communications segment is evolving from wireline to wireless, driven by the demand for 5G and Internet of Things (IoT) technologies [24]. - The Power Delivery segment is critical for addressing aging infrastructure and climate change, with increasing investments in grid hardening and maintenance [25][27]. - The Oil and Gas segment remains vital, focusing on gas pipeline transportation, which is essential for meeting current energy demands [29]. Valuation Metrics - MasTec's forward P/E ratio is 34.49, significantly higher than the industry median of 17.94, indicating that the market expects strong future growth [34]. - The projected 3-5 year EPS growth rate for MasTec is 20%, compared to the industry average of 14.59% [34]. Investment Sentiment - The article concludes with a "Buy" rating for MasTec, suggesting that despite its high valuation, the company's growth prospects justify the premium [40].

MasTec (MTZ) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual ...

| --- | --- | |-------------------------------------------------------------------------------------|-------| | MasTec Second Quarter 2024 Earnings Call Presentation August 2, 2024 NYSE: MTZ | | | | | | | | Safe Harbor Statement Intrastructure that Octivers This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the future financial and o ...