MASTEC INC (NYSE:MTZ) – A High-Growth Momentum Stock with Strong Technical Setup

MASTEC INC (NYSE:MTZ) stands out as a high-growth momentum candidate with a solid technical setup. The company, which provides infrastructure construction services, has demonstrated strong earnings momentum and favorable technical conditions, making it a noteworthy consideration for growth-focused investors.

Growth Momentum Highlights

• Exceptional EPS Growth: MTZ reported a staggering 492.3% year-over-year EPS growth in the most recent quarter, with trailing twelve-month (TTM) growth at 91.6%.
• Accelerating Fundamentals: The company has beaten EPS estimates in all of the last four quarters, with an average surprise of 26.7%.
• Strong Free Cash Flow Growth: Free cash flow per share surged by 944.7% over the past year, indicating robust operational efficiency.
• Positive Analyst Revisions: EPS estimates for the next year have been revised upward by 16.1% over the last three months, reflecting improving sentiment.

Technical Strength & Setup

MTZ holds a perfect Technical Rating of 10, supported by:

• A long-term and short-term uptrend, with the stock trading near its 52-week high.
• Strong relative strength, outperforming 91% of all stocks over the past year.
• A bull flag pattern, suggesting potential continuation of the upward trend after a brief consolidation.

While the Setup Rating is 7, indicating a decent but not ideal entry point, key support levels are well-defined between $148.44 and $152.44, providing a clear risk-management zone.

For a deeper look at MTZ’s technical outlook, review the full technical report.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but investors should conduct their own research before making decisions.