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 ...

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 ...

MasTec, Inc.'s (MTZ) stock has gained nearly 31% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry's 24.5% growth, the broader Construction sector's 7.2% increase and the S&P 500 index's 8.6% rise. This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. Also, MTZ's focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. More ...

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 ...

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. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...

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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 ...