MasTec Estimates Q4 EPS $1.94, Revenues $3.72B with $16.9B Backlog
MasTec is set to report Q4 results on Feb. 26, with EPS consensus at $1.94 (34.7% yoy) on revenues of $3.72B (9.2% yoy). Power Delivery segment revenues are expected at $1.00B vs $762.1M, while backlog rose to $16.86B from $14.30B year-over-year.
1. Q4 Earnings and Revenue Estimates
MasTec is projected to deliver EPS of $1.94 for Q4, a 34.7% increase year-over-year, on revenues of $3.72 billion, up 9.2% from last year. The company has beat EPS and revenue estimates in each of the past four quarters with an average surprise of 18.9%.
2. Segment Performance Expectations
Power Delivery revenues are estimated at $1.00 billion, rising from $762.1 million a year ago, supported by transmission and distribution investments. Pipeline Infrastructure is expected to grow to $706 million, while Communications may slip to $763 million and Clean Energy & Infrastructure to $1.23 billion.
3. Backlog and Outlook
Order backlog stands at $16.86 billion, up from $14.30 billion year-over-year, with Clean Energy at $5.03 billion and Power Delivery at $5.13 billion. The robust backlog and diversified project mix should underpin growth, although permitting delays and cost pressures may constrain margins.