Heres What Key Metrics Tell Us About MasTec Q2 Earnings
| MTZ Stock | USD 140.87 6.86 5.12% |
Slightly above 55% of MasTec's investors are presently thinking to get in. The current sentiment regarding investing in MasTec Inc stock implies that some traders are interested. MasTec's investing sentiment can be driven by a variety of factors including economic data, MasTec's earnings reports, geopolitical events, and overall market trends.
The headline numbers for MasTec give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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MasTec Fundamental Analysis
We analyze MasTec's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MasTec using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MasTec based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
MasTec is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
MasTec Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MasTec stock to make a market-neutral strategy. Peer analysis of MasTec could also be used in its relative valuation, which is a method of valuing MasTec by comparing valuation metrics with similar companies.
Peers
MasTec Related Equities
| MYRG | MYR | 5.08 | ||||
| APG | Api Group | 4.91 | ||||
| DY | Dycom Industries | 4.32 | ||||
| EME | EMCOR | 4.28 | ||||
| PRIM | Primoris Services | 3.65 | ||||
| FIX | Comfort Systems | 3.36 | ||||
| ROAD | Construction Partners | 3.14 | ||||
| GVA | Granite Construction | 2.24 | ||||
| J | Jacobs Solutions | 1.91 | ||||
| BLD | Topbuild Corp | 0.88 | ||||
| PWR | Quanta Services | 0.25 |
Additional Tools for MasTec Stock Analysis
When running MasTec's price analysis, check to measure MasTec's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MasTec is operating at the current time. Most of MasTec's value examination focuses on studying past and present price action to predict the probability of MasTec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MasTec's price. Additionally, you may evaluate how the addition of MasTec to your portfolios can decrease your overall portfolio volatility.