(MTZ) MasTec, Inc. News & Weekly Analysis

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US | Industrials | Engineering & Construction | NYSE

Market cap$14.174B
P/E ratio28.15
Earnings / share6.27
Dividend yield0.00%
Beta1.84
Employees37,000

Company overview

MasTec, Inc. (MTZ) at a glance

The week in numbers

$21.4B
18-month backlog

Article reports backlog rose 30% year over year.

Reported record backlog in MasTec’s second quarter of 2026.

Source report
$4.94B
Consensus quarterly revenue

Consensus forecast is reported 24.6% above year-ago revenue.

Analyst consensus for the upcoming quarterly revenue report.

Source report
$2.94 per share
Consensus quarterly EPS

Consensus forecast is reported 18.6% above prior-year quarter.

Market expectation for the upcoming quarterly earnings release.

Source report
-0.51%
Earnings ESP

Zacks says the negative reading limits confidence in an earnings beat.

Zacks model reading ahead of MasTec’s quarterly release.

Source report
Sector
Industrials
Headquarters
Coral Gables, Florida, United States
Chief executive
Jose R. Mas
Employees
37,000
Founded
Mar 11, 1994
Exchange
NYSE
Industry
Engineering & Construction
Country
US
Trading currency
USD
Official website
mastec.com
Company Overview
Read company overview

MasTec, Inc. is an infrastructure engineering and construction company headquartered in Coral Gables, Florida. Operating primarily across the United States and Canada, it provides engineering, construction, installation, maintenance and upgrade work for communications, energy, utility and related infrastructure. Jose R. Mas is the company’s chief executive officer, and MasTec has 37,000 employees.

The company’s work includes wireless and wireline fiber communications networks, power transmission and distribution systems, renewable-energy generation infrastructure, and natural-gas, water, carbon-capture and other transport pipelines. Its capabilities also extend to civil and industrial facilities, roads, bridges, rail infrastructure, and water systems, including installation work that connects services to homes.

MasTec supports infrastructure after construction through routine maintenance, replacements, upgrades, overhauls and emergency restoration following natural disasters or accidents. Its customers include communications and broadband providers, energy and utility providers, pipeline operators, industrial infrastructure providers, and government entities. The company was founded on Mar 11, 1994.

Ownership & major shareholders

MasTec, Inc. shares trade on NYSE under MTZ. A verified breakdown of major shareholders is not included in this profile.

The week in perspective

Weekly briefing

This week’s coverage centers on the pending quarterly release: consensus expects strong revenue and earnings growth, supported by power, clean-energy, pipeline and data-center work. However, these are forecasts rather than results, and Communications weakness plus execution and cash-conversion risks remain the principal offsets.

News balance

5 Mixed1 Context

Positive signals

Positive signals include a reported $21.4 billion 18-month backlog, with record Power Delivery and Clean Energy & Infrastructure backlogs, and management’s preliminary expectation that Superior will add revenue and adjusted EBITDA in the remainder of the year. If projects are delivered efficiently, infrastructure demand could support segment growth and margins.

Risks to watch

Material risks are concentrated in Communications, where forecasts call for lower segment revenue and prior reported EBITDA and margin declines. Consensus EPS was revised modestly lower in one preview, while Zacks’ negative Earnings ESP and Rank do not establish a likely beat. Pre-release articles provide limited evidence on actual quarterly performance, cash flow, or final guidance.

Developments worth following

Latest news

Source report

Consensus growth test focuses on backlog execution

The preview reports consensus expectations for quarterly revenue and EPS growth, while identifying conversion of the infrastructure backlog into revenue and cash as the near-term execution test. It also flags a reduced Communications sales outlook and lower margin expectations.

If reported results meet these consensus assumptions and backlog conversion is efficient, the company’s infrastructure-led revenue and profit outlook could gain support. A Communications shortfall or inefficient delivery could constrain consolidated profitability despite a large backlog.

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Source report

Premium earnings multiple heightens execution focus

The article says MasTec trades at a higher earnings multiple than its cited peer average and construction-industry benchmark. It frames sustained profitability, project timing and cash conversion on large infrastructure work as central to assessing the earnings base.

If margins and cash conversion on major projects prove resilient, the reported premium valuation framework may be easier to support. If project profitability or timing weakens, the same reliance on earnings quality could increase pressure on the company’s valuation narrative.

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Source report

Quarterly estimates remain steady before results

This preview notes that MasTec exceeded revenue expectations in the preceding quarter, but missed EPS estimates and full-year EPS guidance expectations. Analysts generally maintained their current-quarter estimates over the preceding 30 days while anticipating year-over-year revenue growth.

Stable estimates and expected revenue growth could indicate that demand assumptions have held approaching results, but the earlier EPS and guidance shortfalls leave profitability and outlook delivery as unresolved tests rather than confirmed improvements.

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Zacks

Infrastructure segments expected to outweigh communications decline

Zacks projects quarterly growth in Power Delivery, Clean Energy & Infrastructure and Pipeline Infrastructure, while expecting Communications revenue to decline amid softer wireless activity and delayed wireline starts. It also reports management’s projected adjusted EBITDA and margin expansion.

If the forecasted strength in power, clean energy and pipeline work materializes, it could offset a shrinking Communications contribution and improve group mix. Continued Communications softness or missed segment forecasts would limit that offset and challenge projected margin expansion.

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Zacks

Backlog and Superior support infrastructure opportunity

The comparison article reports record backlog levels in Power Delivery and Clean Energy & Infrastructure and describes management’s preliminary revenue and adjusted EBITDA expectations from Superior. It also highlights Communications profitability weakness, weak free cash flow and macro-related execution risks.

The backlog and Superior’s projected contribution could broaden MasTec’s capacity in data-center and power-related work if awards convert as planned. Communications margin pressure, funding volatility, labor and supply constraints, and weak free cash flow could reduce the benefit.

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Zacks

Consensus anticipates growth but beat visibility is limited

Zacks reports consensus expectations for higher quarterly EPS and revenue, with EPS estimates unchanged over the previous 30 days. Its model shows a negative Earnings ESP and Rank #4, which it says does not allow a confident prediction of an earnings beat.

Meeting the consensus growth outlook could reinforce demand and execution assumptions, but the model’s limited beat visibility means reported results and management commentary remain decisive. The report does not establish that a miss is likely or that results have weakened.

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