MasTec (NYSE:MTZ) Issues Q3 2026 Earnings Guidance

Posted by Francis Steltz on Jul 31st, 2026

MasTec (NYSE:MTZ – Get Free Report) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.980-2.980 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $4.9 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion. MasTec also updated its FY 2026 guidance to 9.300-9.300 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MTZ shares. Jefferies Financial Group restated a “buy” rating and set a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Roth Capital reaffirmed a “buy” rating and issued a $450.00 price target on shares of MasTec in a report on Monday, May 4th. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Robert W. Baird raised their price objective on MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group raised their price target on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has an average rating of “Buy” and a consensus target price of $466.89.

Get Our Latest Stock Report on MTZ

MasTec Price Performance

Shares of NYSE MTZ traded down $58.19 during trading on Friday, hitting $266.25. The company had a trading volume of 3,024,943 shares, compared to its average volume of 1,077,188. MasTec has a 52 week low of $160.08 and a 52 week high of $441.43. The company has a market cap of $21.04 billion, a P/E ratio of 46.44 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The business’s 50-day moving average is $367.93 and its 200 day moving average is $333.67.

MasTec (NYSE:MTZ – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $1.49 EPS. The business’s quarterly revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities research analysts predict that MasTec will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.40% of the company’s stock.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

Positive Sentiment: MasTec reported second-quarter revenue above expectations and adjusted EBITDA margin expansion of 100 basis points. Management also cited broad-based growth, strong execution and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
Positive Sentiment: MasTec’s third-quarter 2026 outlook calls for $2.98 EPS and $4.9 billion of revenue, above consensus estimates of $2.74 and $4.7 billion, respectively. Full-year guidance of $9.30 EPS and $18.2 billion of revenue also exceeds consensus estimates of $8.77 and $17.5 billion. MasTec Q2 Earnings and Revenues Beat Estimates
Neutral Sentiment: EPS was broadly in line with estimates: MasTec beat the Zacks consensus of $2.19 but narrowly missed another analyst consensus of $2.23. The differing benchmarks may have contributed to a mixed interpretation of the quarter. MasTec Earnings Report
Negative Sentiment: The market reaction suggests investors viewed the updated outlook as less favorable than previously anticipated, with reports describing a guidance reduction that overshadowed the record quarter. That concern appears to have outweighed the reported revenue beat and above-consensus published guidance. MasTec Falls After Guidance Cut Overshadows Record Quarter
Negative Sentiment: At a market capitalization of roughly $21 billion and a price-to-earnings ratio near 47, MasTec carries elevated valuation expectations. The small EPS miss against one consensus measure and the negative guidance narrative therefore triggered disproportionate selling. MasTec Q2 2026 Earnings Analysis

Hedge Funds Weigh In On MasTec

A number of large investors have recently bought and sold shares of the company. Peconic Partners LLC raised its holdings in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares during the last quarter. Coatue Management LLC acquired a new position in MasTec during the fourth quarter worth $147,357,000. Merewether Investment Management LP grew its position in MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after purchasing an additional 324,500 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after buying an additional 304,358 shares during the last quarter. Finally, Cartenna Capital LP bought a new stake in MasTec during the 4th quarter worth about $65,211,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Company Profile

(Get Free Report)

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.