MasTec (MTZ) Projected to Announce Earnings on Thursday

MasTec (NYSE:MTZ) is anticipated to announce its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $2.95 per share and revenue of $4.94 billion for the quarter. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Investors may review the information on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Friday, October 30, 2026 at 9:00 AM ET.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. On average, analysts expect MasTec to post $8.87 EPS for the current fiscal year and $12.24 EPS for the next fiscal year.

MasTec Price Performance

NYSE:MTZ opened at $181.02 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The stock has a market cap of $14.54 billion, a P/E ratio of 24.11 and a beta of 1.84. The company has a fifty day moving average price of $229.85 and a 200 day moving average price of $316.71. MasTec has a one year low of $178.07 and a one year high of $441.43.

Analyst Upgrades and Downgrades

MTZ has been the topic of several research reports. Citigroup cut their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Truist Financial cut their price target on MasTec from $428.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Piper Sandler lowered their price target on MasTec from $321.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. Finally, Wall Street Zen downgraded MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.85.

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.