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

MasTec Inc (NYSE:MTZ) stands out as a compelling candidate for high growth momentum investors, combining strong earnings momentum with a favorable technical breakout pattern. The company, which provides infrastructure construction services, has demonstrated significant growth in recent quarters while maintaining a solid technical uptrend.

Fundamental Growth Momentum

MasTec’s growth metrics align well with high momentum investing strategies:

• Earnings Growth: EPS surged 492% year-over-year in the most recent quarter, with TTM EPS growth at 91.6%.
• Sales Growth: Revenue increased 6% year-over-year last quarter, with forward estimates suggesting 16.1% growth next quarter.
• Profit Margins: The company’s quarterly profit margin improved to 34.8%, up from negative figures in prior years.
• Estimate Revisions: Analysts have raised next-year EPS estimates by 16.1% over the past three months.
• Free Cash Flow: FCF per share grew 944.7% over the past year, signaling strong operational efficiency.

Technical Strength & Setup

MasTec’s technical profile reinforces its appeal:

• Technical Rating (10/10): The stock is in a strong uptrend across short and long-term timeframes, outperforming 92% of the market.
• Setup Quality (7/10): Recent price action shows consolidation near resistance at $163.72-$164.67, with reduced volatility suggesting a potential breakout.
• Support Levels: Key support zones exist at $150.76 (daily) and $114.63 (weekly), providing downside protection.
• Relative Strength: MTZ is trading near 52-week highs, showing leadership compared to the broader market.

For a deeper technical breakdown, review the full technical report here.

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Disclaimer

This is not investment advice. Always conduct your own analysis before making investment decisions.