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MTZ·MasTec, Inc.

$223.11
+8.73 (+4.07%)
High
$223.52
Open
$217.28
Market Cap
17.22B
52W High
$448.47
Low
$213.53
P. Close
$223.11
P/E
34.83
52W Low
$182.34
Fwd P/E
17.38
DailyIQ Est.
$440.24
Inst. Ownership
34.2%
Short Interest
6.83%
Days to Cover
3.6
Technical Score (1D)
14
SELL
News Sentiment
63
BULLISH
MasTec’s most recent update comes from a 46‑hour‑old analysis that highlights strong EPS and revenue growth coupled with a low forward P/E, but warns that thin operating margins and elevated debt could temper upside. The company’s valuation appears attractive relative to peers, yet the debt‑leverage risk signals that margin discipline will be a key focus in the next 1–10 trading days. A 50‑hour‑old note that MTZ will speak at Morgan Stanley’s Laguna Conference on September 15 adds a routine investor‑relations event to the mix; the conference is unlikely to shift the valuation but will provide a platform for management to address margin and debt concerns. The appointment of former Goldman Sachs equity research VP Ati Modak as VP of Investor Relations, announced 262 hours ago, is a structural move aimed at sharpening the company’s communication of growth prospects, which could influence analyst coverage and investor sentiment in the coming weeks. The company’s record $21.4 billion backlog, reported 568 hours ago, underscores robust demand for its diversified infrastructure services, and the Q2 earnings acceleration driven by higher project volumes and margin gains suggests that the backlog is translating into near‑term revenue. The recent $647.8 million senior note issuance, 805 hours old, provides low‑cost debt that could improve capital structure flexibility, but it also adds long‑term leverage that traders should monitor for any impact on debt servicing metrics. Together, these developments point to a company that is balancing attractive growth metrics against leverage and margin risks, with the next earnings release and any new project pipeline updates serving as the primary watch items.
Earnings Summary
MasTec, Inc. is a leading infrastructure construction firm that builds and maintains critical networks across North America, operating in the engineering and construction sector with segments in communications, clean energy, power delivery, pipeline infrastructure, and other services. The company’s diversified portfolio positions it to support the growing demand for data‑center expansion, grid modernization, and green‑energy projects. In Q4 2024, MasTec reported earnings per share of $1.44 versus an estimate of $1.22, while revenue reached $3.40 billion, indicating a solid earnings beat and strong top‑line performance. In Q2 2026, EPS of $2.22 closely matched the $2.23 estimate and revenue of $4.37 billion slightly exceeded the $4.35 billion estimate, demonstrating consistent revenue growth and near‑on‑beat earnings. The company’s recent quarterly results show a trend of accelerating revenue growth, with Q2 2026 revenue up from $3.40 billion in Q4 2024, and EPS growth that has remained near consensus, reflecting disciplined cost management. Historically, MasTec has posted year‑over‑year revenue increases of roughly 10–15% over the past few quarters, with EPS growth tracking closely to analyst expectations; the firm has consistently beat revenue estimates in the last three quarters while maintaining EPS near or slightly below estimates, indicating a pattern of robust top‑line growth coupled with margin discipline. Recent news highlights MasTec’s appointment of former Goldman Sachs equity‑researcher Ati Modak as Vice President of Investor Relations, a move aimed at sharpening communication of its growing backlog and higher‑margin mega‑projects; the company also reported a record $21.4 billion backlog and raised next‑quarter guidance by 0.9%, underscoring confidence in continued demand. Investors should watch for the company’s upcoming earnings call for any shift in guidance tone, confirmation of higher‑margin work’s contribution to earnings, and updates on the debt profile following the $647.8 million senior note issuance, as these factors will influence short‑term volatility and capital structure considerations.

EPS

EstBeatMiss
$0.96$1.52$2.09$2.66$3.22Q4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.96 - -
Q2'26$2.23$2.22-0.6%
Q4'24$1.22$1.44+18.0%

Revenue

EstBeatMiss
$3.2B$3.7B$4.2B$4.7B$5.2BQ4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$5.0B - -
Q2'26$4.3B$4.4B+0.6%
Q4'24 - $3.4B -

Market Data

MTZ Stock Snapshot

SELL14/100
$223.11+$8.73 (4.1%)
Market cap
17.22B
P/E ratio
34.8
Day range
$213.53 – $223.52
News sentiment
63/100 · Bullish
Analyst target
$416.95 (+86.9%)
Consensus
Buy · 28 analysts
52-week range+22.4% off low · -50.3% from high
$182.34$448.47
Price $223.11 DailyIQ Est. $440.24

The trend on MTZ is bearish, and the indicator set is confirming it rather than diverging. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into MTZ?

RICH

At today's price, MasTec, Inc. needs to grow free cash flow about 44.5% a year for the next 10 years to justify its valuation at a 10.13% cost of capital. Over its actual history it has compounded free cash flow at 11.1% a year, so the market is asking for 33.4 percentage points above its own delivered rate. On that basis MTZ looks priced above what its own growth record supports.

Implied FCF growth
44.5%
Historical FCF CAGR
11.1%
Growth gap
+33.4 pts
Verdict
RICH
Discount rate (WACC)
10.13%
Beta
1.25

Behaviour On Record

What MTZ's own history says about today's numbers

Realized volatility (21d)
48.6% 76th pct
Below its peak
-50.6%
vs 200-day average
-28.5%
Up days (1y)
54%

MasTec, Inc. is currently running 48.6% annualised volatility over the last 21 sessions. Measured against MTZ's own 13 years of daily returns rather than a market-wide average, that is the 76th percentile elevated for this stock, against a typical reading of 36.9%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

MTZ is trading -50.6% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -32.3%, and the deepest was -62.9% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -28.5% from its 200-day moving average. Against every other day in its history, that gap ranks at the 5th percentile a narrower gap than it typically runs. Over the past year MTZ closed higher on 54% of sessions, and it is currently 2 sessions into a rising streak.

On September specifically: over 13 years of records, MTZ finished the month higher 8 of 13 times, with a median return of +0.9% and an average of -0.8%. Its strongest month historically has been November at +8.0% on average, its weakest July at -2.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: MTZ has opened more than 2% away from the prior close in 287 of 3,267 sessions (8.8% of the time), with the largest gaps running +10.6% and -18.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-09-23 and 2026-09-21, split-adjusted, recomputed daily. Percentiles are against MTZ's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of MTZ's sector?

MasTec, Inc. sits in the Industrials sector, currently ranked 9th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank
#9 of 11
Sector state
Lagging
Sector rotation score
50

Options Market

What is the options market pricing for MTZ?

CallsPuts

For MasTec, Inc.'s nearest expiry (2026-10-16, 25 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.56), with at-the-money implied volatility around 51.6%. The options market is pricing roughly a ±13.9% move by that expiry — a range of about $189.72–$250.98.

Put/call ratio (2026-10-16)
1.56
ATM implied volatility
51.6%
Total open interest
3,425
Expected move by 2026-10-16
±13.9% ($189.72–$250.98)

Analyst Rating Changes

Are analysts turning bullish or bearish on MTZ?

Piper Sandler most recently initiated coverage on MasTec, Inc. to Overweight on Sep 9, 2026 with a price target of $321. Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Piper SandlerOverweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Sep 9, 2026Piper SandlerInitiatedOverweight$321
Aug 12, 2026Goldman SachsMaintainedBuy$508 → $409
Aug 4, 2026UBSMaintainedBuy$453 → $410
Aug 4, 2026MizuhoMaintainedOutperform$502 → $457
Aug 3, 2026CitigroupMaintainedBuy$483 → $408
Aug 3, 2026TD CowenMaintainedBuy$470 → $420
Aug 3, 2026Truist SecuritiesReiteratedBuy$550 → $428
Aug 3, 2026KeybancMaintainedOverweight$500 → $371
Aug 3, 2026BairdMaintainedOutperform$475 → $363
Jul 22, 2026GuggenheimMaintainedBuy$480 → $518
Jul 13, 2026TD CowenMaintainedBuy$445 → $470
Jul 9, 2026Cantor FitzgeraldMaintainedOverweight$545 → $581

MTZ Competitive Positioning

MasTec, Inc. (MTZ) is tracked alongside these names in Engineering & Construction on DailyIQ — ranked by market cap, with today's move alongside.