Infrastructure construction company MasTec (NYSE:MTZ) will be reporting results tomorrow after market hours. Here’s what investors should know.

MasTec missed analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $3.25 billion, flat year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is MasTec a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting MasTec’s revenue to grow 1.3% year on year to $3.32 billion, slowing from the 9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MasTec has missed Wall Street’s revenue estimates four times over the last two years.

Looking at MasTec’s peers in the engineering and design services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Dycom delivered year-on-year revenue growth of 13.9%, beating analysts’ expectations by 5.7%, and

Read our full analysis of Dycom’s results here and EMCOR’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the engineering and design services stocks have shown solid performance, the group has generally underperformed, with share prices down 5.7% on average over the last month. MasTec is down 3.7% during the same time and is heading into earnings with an average analyst price target of $162.54 (compared to the current share price of $130).

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