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MasTec (MTZ) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2026, MasTec (MTZ - Free Report) reported revenue of $5.15 billion, up 29.9% over the same period last year. EPS came in at $2.96, compared to $2.48 in the year-ago quarter.
The reported revenue represents a surprise of +4.27% over the Zacks Consensus Estimate of $4.94 billion. With the consensus EPS estimate being $2.94, the EPS surprise was +0.68%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MasTec performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Backlog: $24.55 billion versus $22.33 billion estimated by two analysts on average.
Revenue- Pipeline Infrastructure: $724.1 million versus $644.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +21.1% change.
Revenue- Communications: $806.9 million versus the three-analyst average estimate of $801.3 million. The reported number represents a year-over-year change of -11.8%.
Revenue- Power Delivery: $1.84 billion versus $1.62 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +65.2% change.
Revenue- Clean Energy and Infrastructure: $1.83 billion compared to the $1.9 billion average estimate based on three analysts. The reported number represents a change of +33.9% year over year.
Revenue- Eliminations: $-39.8 million compared to the $-16.77 million average estimate based on two analysts.
Adjusted EBITDA- Communications: $61.1 million compared to the $72.01 million average estimate based on two analysts.
Adjusted EBITDA- Power Delivery: $241.5 million compared to the $179.38 million average estimate based on two analysts.
Adjusted EBITDA- Pipeline Infrastructure: $75.1 million versus $93.39 million estimated by two analysts on average.
Adjusted EBITDA- Other: $10 million versus $7.5 million estimated by two analysts on average.
Adjusted EBITDA- Clean Energy and Infrastructure: $149.3 million versus $170.33 million estimated by two analysts on average.
Shares of MasTec have returned -15.3% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
View the Zacks #1 Rank List
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MasTec (MTZ) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2026, MasTec (MTZ - Free Report) reported revenue of $5.15 billion, up 29.9% over the same period last year. EPS came in at $2.96, compared to $2.48 in the year-ago quarter.
The reported revenue represents a surprise of +4.27% over the Zacks Consensus Estimate of $4.94 billion. With the consensus EPS estimate being $2.94, the EPS surprise was +0.68%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MasTec performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for MasTec here>>>
Shares of MasTec have returned -15.3% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.