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MasTec (MTZ) Tops Q4 Earnings and Revenue Estimates
MTZMasTec(MTZ) ZACKS·2025-02-28 00:40

Core Viewpoint - MasTec (MTZ) reported quarterly earnings of 1.44pershare,exceedingtheZacksConsensusEstimateof1.44 per share, exceeding the Zacks Consensus Estimate of 1.28 per share, and showing significant growth from 0.66pershareayearago,indicatingstrongperformanceintheutilitycontractingsector[1][2]FinancialPerformance−Thecompanyachievedrevenuesof0.66 per share a year ago, indicating strong performance in the utility contracting sector [1][2] Financial Performance - The company achieved revenues of 3.4 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.52% and showing an increase from 3.28billionyear−over−year[2]−Overthelastfourquarters,MasTechasconsistentlysurpassedconsensusEPSestimates,achievingthisfourtimes[2]StockPerformanceandOutlook−MasTecshareshavedeclinedapproximately2.73.28 billion year-over-year [2] - Over the last four quarters, MasTec has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance and Outlook - MasTec shares have declined approximately 2.7% since the beginning of the year, contrasting with the S&P 500's gain of 1.3%, indicating underperformance relative to the broader market [3] - The company's earnings outlook will be crucial for future stock movements, with current consensus EPS estimates at 0.42 for the upcoming quarter and $5.53 for the current fiscal year [4][7] Industry Context - The Building Products - Heavy Construction industry, to which MasTec belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact MasTec's stock performance [5]