MasTec Inc (MTZ) shares are soaring 5.11% in pre-market trading on Friday following the release of its impressive first-quarter 2025 earnings report. The construction and engineering company significantly outperformed analyst expectations, demonstrating strong financial performance and operational efficiency.
According to the quarterly results, MasTec reported adjusted earnings of $0.51 per share for the quarter ended March 31, substantially beating the mean analyst estimate of $0.34 per share. This represents a remarkable improvement from the same quarter last year when the company reported earnings per share of -$0.13. Revenue also saw a healthy increase, rising 6% to $2.85 billion, surpassing the expected $2.71 billion.
The positive earnings surprise has reinforced analyst confidence in MasTec's prospects. The current average analyst rating on the shares is "buy," with 13 out of 16 analysts recommending either "strong buy" or "buy." Wall Street's median 12-month price target for MasTec Inc stands at $155.00, suggesting significant upside potential from current levels. The company's strong performance, coupled with favorable analyst sentiment, appears to be driving investor enthusiasm and contributing to the stock's pre-market surge.
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