MasTec (MTZ) Reports Earnings Tomorrow: What To Expect

Infrastructure construction company MasTec (NYSE:MTZ) will be reporting results this Thursday after the bell. Here’s what investors should know.

MasTec beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $3.54 billion, up 19.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ adjusted operating income estimates.

Is MasTec a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting MasTec’s revenue to grow 20.1% year on year to $3.91 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.30 per share.MasTec Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MasTec has missed Wall Street’s revenue estimates three times over the last two years.

Looking at MasTec’s peers in the construction and engineering segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 35.2%, beating analysts’ expectations by 13.2%, and Orion reported flat revenue, in line with consensus estimates. Comfort Systems traded up 18.9% following the results.

Read our full analysis of Comfort Systems’s results here and Orion’s results here.

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 3.1% on average over the last month. MasTec is up 1.9% during the same time and is heading into earnings with an average analyst price target of $233 (compared to the current share price of $213.48).

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

View Comments