MasTec (MTZ) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2025, MasTec (MTZ) reported revenue of $2.85 billion, up 6% over the same period last year. EPS came in at $0.51, compared to -$0.13 in the year-ago quarter.

The reported revenue represents a surprise of +4.73% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being $0.34, the EPS surprise was +50.00%.

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 - Communications: $4.91 billion versus $6.04 billion estimated by two analysts on average.
• Backlog: $15.88 billion versus $14.44 billion estimated by two analysts on average.
• Backlog - Clean Energy and Infrastructure: $4.42 billion versus the two-analyst average estimate of $4.32 billion.
• Backlog - Power Delivery: $5.02 billion compared to the $3.35 billion average estimate based on two analysts.
• Revenue- Clean Energy and Infrastructure: $915.80 million versus the four-analyst average estimate of $949.35 million. The reported number represents a year-over-year change of +21.5%.
• Revenue- Eliminations: -$5.20 million compared to the -$6 million average estimate based on three analysts. The reported number represents a change of +18.2% year over year.
• Revenue- Communications: $680.90 million compared to the $597.66 million average estimate based on three analysts. The reported number represents a change of -7.1% year over year.
• Revenue- Power Delivery: $899.70 million compared to the $846.94 million average estimate based on three analysts. The reported number represents a change of +57.6% year over year.
• Adjusted EBITDA- Clean Energy and Infrastructure: $57.10 million versus $59.09 million estimated by four analysts on average.
• Adjusted EBITDA- Other: $8 million versus $7.06 million estimated by four analysts on average.
• Adjusted EBITDA- Communications: $46.80 million versus the three-analyst average estimate of $35.40 million.
• Adjusted EBITDA- Power Delivery: $51.30 million versus $46.90 million estimated by three analysts on average.

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This article originally published on Zacks Investment Research (zacks.com).

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