MasTec (NYSE:MTZ) Announces Quarterly Earnings Results

MasTec (NYSE:MTZ) issued its quarterly earnings data on Thursday. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.01, FiscalAI reports. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.94 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.48 earnings per share.

MasTec Trading Down 2.6%

Shares of NYSE:MTZ traded down $4.71 during trading on Thursday, reaching $176.29. 2,540,479 shares of the stock were exchanged, compared to its average volume of 1,337,132. The firm’s 50-day moving average price is $217.32 and its 200 day moving average price is $300.60. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 23.30 and a beta of 1.84. MasTec has a 12-month low of $164.31 and a 12-month high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported third-quarter revenue of approximately $5.2 billion, up about 30% year over year and ahead of the roughly $4.94 billion analyst estimate. Adjusted EBITDA also rose about 30% to $486 million. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Backlog increased approximately 46% year over year to $24.5 billion, supporting expectations for future revenue and reflecting demand across MasTec’s infrastructure businesses, including data centers and communications. MasTec quarterly results
• Positive Sentiment: Reported EPS of $2.96 edged past the $2.95 consensus estimate and increased from $2.48 in the year-ago quarter, while revenue growth substantially exceeded expectations. MasTec earnings results
• Neutral Sentiment: MasTec updated its full-year 2026 financial guidance. Investors are likely focusing on the specific changes to the outlook and whether the strong backlog will translate into higher margins and cash flow. MasTec guidance update
• Negative Sentiment: Despite the headline EPS beat and revenue outperformance, market coverage described the quarter as an earnings miss, indicating that an underlying earnings metric or profitability outlook fell short of investor expectations. MasTec falls as earnings miss offsets revenue beat
• Negative Sentiment: Reports highlighted project delays alongside data-center opportunities, raising concerns about timing, execution and near-term margin pressure even as demand remains strong. MasTec stock faces earnings test

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays reduced their price objective on shares of MasTec from $340.00 to $320.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Piper Sandler lowered their target price on shares of MasTec from $321.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $348.00 price target on shares of MasTec in a report on Monday, October 12th. KeyCorp dropped their target price on MasTec from $371.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, Citigroup dropped their price objective on shares of MasTec from $408.00 to $308.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.10.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.