$MTZ

MASTEC INC

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MasTec (MTZ) Q3 earnings report preview: what to look for

MasTec (MTZ) will report Q3 earnings on Thursday. Last quarter, it beat revenue expectations with $4.37B (+23.4% YoY) but missed EPS guidance. Analysts expect 24.5% YoY revenue growth this quarter. MTZ stock is down 13.4% in the last month, underperforming peers.

Analyst recommendations: Block, Halliburton, Qiagen, Tesla

Analysts updated ratings and price targets for several companies. Block (SQ) was upgraded to outperform with a target raised to $101. Halliburton (HAL) was upgraded to buy with a target increased to $40. Tesla (TSLA) was upgraded to hold with a target raised to $400. Other companies mentioned include Qiagen (QGEN), CoreWeave (CWV), and Meta (META).

MTZ sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 3 news stories mentioning MTZ (MASTEC INC). Coverage has skewed bearish: 0 bullish, 0 neutral, and 3 bearish.

Recent MTZ coverage spans financial news, earnings and sector analysis.

What's driving MTZ

AlphAI scores every news story that mentions MTZ with an AI model for sentiment and relevance, and aggregates insider trades from MASTEC INC's SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $MTZ

Score

Analyst recommendations: Block, Halliburton, Qiagen, Tesla

Analysts updated ratings and price targets for several companies. Block (SQ) was upgraded to outperform with a target raised to $101. Halliburton (HAL) was upgraded to buy with a target increased to $40. Tesla (TSLA) was upgraded to hold with a target raised to $400. Other companies mentioned include Qiagen (QGEN), CoreWeave (CWV), and Meta (META).

Q2 Earnings Recap: EMCOR (NYSE:EME) Tops Engineering and Design Services Stocks

AECOM (NYSE:ACM) reported Q2 revenue of $3.59B, down 14.2% YoY, missing estimates. It lowered full-year EBITDA guidance, causing its stock to drop 19.5%. Dycom (NYSE:DY) reported $2.01B in revenue, up 45.6% YoY, beating estimates, but its stock fell 28.4% due to weak guidance. MasTec (NYSE:MTZ) reported $4.37B in revenue, up 23.4% YoY, but missed EPS estimates, and its stock dropped 41.6%.

Can MasTec's Fiber Expansion Strategy Revive Growth in 2027?

MasTec (MTZ) focuses on fiber expansion for growth in 2027, with Communications backlog at $5.46B in Q2 2026. Despite near-term challenges, management sees long-term opportunities in hyperscaler connectivity. Peers Quanta (PWR) and EMCOR (EME) also benefit from data center demand. MasTec reduced 2026 revenue outlook by $400M to $3.25B due to project delays.

$ESILow

Jim Cramer Skips IREN: ‘The Only One That I Trust’ Is a Different Neocloud - IREN (NASDAQ:IREN), Element

Jim Cramer recommended holding Element Solutions (NYSE:ESI) and buying MasTec (NYSE:MTZ). Barclays initiated coverage on ESI with an Overweight rating and $53 target. Stifel lowered MTZ's target to $305. Cramer prefers CoreWeave (NASDAQ:CRWV) over IREN (NASDAQ:IREN). He also favored Waste Management (NYSE:WM) over Waste Connections (NYSE:WCN), and Penguin Solutions (NASDAQ:PENG). SailPoint (NASDAQ:SAIL) and Starwood Property Trust (NYSE:STWD) were also discussed.

$PWRLow

Truist Names Top Infrastructure Services Stocks

Truist highlighted top infrastructure services stocks, with Quanta Services (PWR) leading, followed by MasTec (MTZ), AECOM (ACM), and Fluor (FLR). The firm sees growth potential in power, communications, and energy projects, despite industry bottlenecks. All four stocks have Buy ratings from Truist, with PWR expected to outperform due to diversified exposure and growth prospects.

$MTZMed

Cantor Fitzgerald reiterates Overweight on MasTec stock at $348

Cantor Fitzgerald reiterated an Overweight rating on MasTec (MTZ) with a $348 price target. MTZ trades at $212.65, down 41% in six months, with a $16.9B market cap. The firm cited Superior's integration and data center exposure. Pipeline delays shifted Q3 work to Q4, with multi-year activity expected by 2028. The communications segment faces recovery with a $3.25B fiscal 2026 revenue outlook. MTZ reported 23% revenue growth over the last year and forecasts 27% for fiscal 2026.

Jim Cramer Weighs MasTec’s (MTZ) Business Against the Selling Pressure

MasTec (MTZ) reported Q2 revenue of $4.4B (+23% YoY) and EPS of $2.22 (+49% YoY). Its 18-month backlog reached $21.4B, and it raised full-year EPS guidance to $9.30. Despite strong performance, Jim Cramer avoided recommending the stock due to selling pressure. The company's valuation is 20.2x forward earnings, below peers. However, it faces cash flow challenges and project risks. Short interest is notable at 8.54% of float.

Barclays Remains a Buy on MasTec (MTZ)

Barclays analyst Adam Seiden maintained a Buy rating on MasTec (MTZ) with a $340 price target. Stifel Nicolaus also has a Buy rating with a $305 target. MasTec reported Q2 revenue of $4.37B and net profit of $130.12M, up from $3.54B and $85.77M respectively last year.

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