MasTec (MTZ) Q3 Earnings and Revenues Beat Estimates

Core Viewpoint - MasTec reported quarterly earnings of $2.48 per share, exceeding the Zacks Consensus Estimate of $2.31 per share, and showing a significant increase from $1.63 per share a year ago, indicating strong financial performance [1][2] Financial Performance - The company achieved revenues of $3.97 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.61% and up from $3.25 billion year-over-year [2] - Over the last four quarters, MasTec has consistently exceeded consensus EPS estimates, achieving an earnings surprise of +7.36% in the latest quarter [1][2] Stock Performance - MasTec shares have increased approximately 62.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 17.2% [3] - The current Zacks Rank for MasTec is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.98 on revenues of $3.68 billion, while the estimate for the current fiscal year is $6.32 on revenues of $13.98 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which may influence future stock performance [6] Industry Context - The Building Products - Heavy Construction industry, to which MasTec belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Primoris Services, is expected to report quarterly earnings of $1.32 per share, reflecting a year-over-year increase of +8.2% [9]