MasTec (MTZ) Surpasses Q2 Earnings and Revenue Estimates

Core Insights - MasTec (MTZ) reported quarterly earnings of $1.49 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and showing an increase from $0.96 per share a year ago, resulting in an earnings surprise of +5.67% [1] - The company achieved revenues of $3.54 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.58%, and up from $2.96 billion year-over-year [2] - MasTec's stock has increased approximately 39.5% year-to-date, significantly outperforming the S&P 500's gain of 8.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.31 on revenues of $3.82 billion, and for the current fiscal year, it is $6.07 on revenues of $13.66 billion [7] - The estimate revisions trend for MasTec was favorable ahead of the earnings release, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Building Products - Heavy Construction industry, to which MasTec belongs, is currently ranked in the top 4% of over 250 Zacks industries, suggesting strong performance potential [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]