Why MasTec (MTZ) is a Top Growth Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
MasTec (MTZ)
MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America. The company engages in the engineering, building, installation, maintenance and upgrade of energy, communication, utility and other infrastructure.
MTZ boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 36% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.7%.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $2.68 per share for 2024. MTZ boasts an average earnings surprise of 1.2%.
MasTec is also cash rich. The company has generated cash flow growth of 5.9%, and is expected to report cash flow expansion of 1.8% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MTZ should be on investors' short lists.
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MasTec, Inc. (MTZ) : Free Stock Analysis Report
