Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

MasTec's (NYSE: MTZ ) topline has been under pressure throughout 2024, initially due to lower volumes across most of the business, and then due to the impact of below-expected performance and tougher comparison in the company's Oil andAs a finance enthusiast with years of experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies that have strong foundations and see them doing well in the long run. I ...

Have you been paying attention to shares of MasTec (MTZ) ? Shares have been on the move with the stock up 6.3% over the past month. The stock hit a new 52-week high of $139.39 in the previous session. MasTec has gained 80.3% since the start of the year compared to the 23.6% move for the Zacks Construction sector and the 95.1% return for the Zacks Building Products - Heavy Construction industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in 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 potenti ...

CORAL GABLES, Fla., Nov. 6, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be in Chicago participating in a fireside chat with our covering analyst at the Baird 2024 Global Industrial Conference on Wednesday, November 13th at approximately 1:45 p.m. Central Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference.The audio and any presentation materials may be accesse ...

Shares of MasTec Inc MTZ continued their upward trajectory in early trading on Tuesday, after climbing last week on the company's raised 2024 adjusted earnings guidance.Despite the recent rally, the stock has more runway. The Coral Gables, Florida-based company's Power Delivery, Clean Energy & Infrastructure (CE&I), and Communications segments are "turning the corner," according to Truist Securities.Analyst Jamie Cook upgraded the rating for MasTec from Hold to Buy, while raising the price target from $133 ...

MasTec, Inc. (MTZ) reported stellar earnings for third-quarter 2024, which handily surpassed the Zacks Consensus Estimate and increased strongly on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.However, revenues missed the analysts’ expectations and slightly declined on a year-over-year basis. MTZ posted nearly 6% lower revenues from its previously provided guidance of $3.45 billion due to near-term project delays.MasTec’s shares spiked 7.2% in the after-hours tr ...

For the quarter ended September 2024, MasTec (MTZ) reported revenue of $3.25 billion, down 0.1% over the same period last year. EPS came in at $1.63, compared to $0.95 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.43 billion, representing a surprise of -5.31%. The company delivered an EPS surprise of +32.52%, with the consensus EPS estimate being $1.23.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

MasTec (MTZ) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.52%. A quarter ago, it was expected that this utility contractor would post earnings of $0.88 per share when it actually produced earnings of $0.96, delivering a surprise of 9.09%.Over the last four quarters, the company ...

Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last Year Third Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expectations by $0.43 and $0.39, Respectively Third Quarter 2024 GAAP Net Income of $105.4 Million and Adjusted EBITDA of $305.9 Million, Above Expectations by $33.4 Million and $10.9 Million, Respectively Record 18-month Backlog as of September 30, 2024 of $13.9 Billion Increased $1.4 Billion from the Thir ...