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 setup. The company, which provides infrastructure construction services, has demonstrated impressive growth metrics while also exhibiting a robust technical structure.

Growth Momentum Highlights

• Earnings Growth: MTZ reported a staggering 492.3% year-over-year EPS growth in the most recent quarter, with trailing twelve-month (TTM) EPS growth at 91.6%.
• Revenue Stability: While quarterly sales growth was modest at 6.0%, the company has maintained steady revenue expansion, with TTM revenue growth at 3.0%.
• Profit Margins: The latest quarter saw a profit margin of 3.5%, reflecting operational efficiency improvements.
• Free Cash Flow Surge: FCF per share surged by 944.7% over the past year, indicating strong cash generation.
• Analyst Confidence: EPS estimates for the next year have been revised upward by 8.0% over the last three months.

Technical Strength & Setup

MTZ holds a perfect 10 out of 10 in ChartMill’s Technical Rating, reflecting strong price momentum and trend health. Key technical observations include:

• Uptrend Confirmation: Both short-term and long-term trends are positive, with the stock trading near a 52-week high.
• Relative Strength: MTZ outperforms 92% of all stocks in the market and 85% of its peers in the Construction & Engineering industry.
• Consolidation Pattern: The stock has been trading in a range between $159.98 and $175.11 over the past month, with reduced volatility signaling a potential breakout.
• Support & Resistance: A clear resistance zone sits at $174.37, with strong support around $169.25. A breakout above resistance could signal further upside.

For a deeper technical breakdown, review the full technical report on MTZ.

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Disclaimer

This is not investment advice. The observations here are based on data available at the time of writing. Always conduct your own research before making investment decisions.