MasTec Gains 4.99% Weekly as EPS Forecasts Rise to $8.42
MasTec shares climbed 4.99% last week and beat the industry’s 1.07% decline, with a 24.09% monthly gain and 138.53% annual surge. Full-year EPS estimates rose from $8.17 to $8.42 over two months, while 20-day average volume reached 1,004,943 shares.
1. Price Performance Trends
Over the past week, MasTec shares rose 4.99%, outpacing its industry’s 1.07% decline. The stock has gained 24.09% over the last month, 38.06% in the past quarter and 138.53% over the past year, all significantly above broader market benchmarks.
2. Trading Volume Insights
The 20-day average trading volume reached 1,004,943 shares, indicating heightened interest as the stock’s positive price trajectory surpassed typical baselines. Elevated volume alongside gains often signals strong investor conviction.
3. EPS Estimate Revisions
Full-year EPS estimates climbed from $8.17 to $8.42 over the past two months, driven by two upward revisions and no downward adjustments. Next fiscal year forecasts also saw one upward revision, underscoring improving analyst sentiment.
4. Momentum Score and Rating
MasTec holds a #2 (Buy) rating and a Momentum Style Score of B, reflecting strong momentum powered by both price gains and estimate upgrades. These metrics suggest potential for continued near-term outperformance.