MasTec: The Beat (And Raise) Goes On
- MasTec recently reported Q2 2019 results that beat the top- and bottom-line estimates. Additionally, management raised their full-year 2019 guidance.
- This company is in a position to benefit from several major industry trends/tailwinds, which makes it well-positioned for 2019 and beyond.
- I plan to stay long MTZ shares for the foreseeable future.
On August 1, 2019, MasTec ($MTZ) reported better-than-expected Q2 2019 results and management [again] raised their full-year guidance. As you can expect, the results were well-received by the market which added to the already impressive stock performance for MTZ so far in 2019.
As I recently described, there have been legitimate reasons to stay long MasTec, and, in my opinion, the Q2 2019 results (and management's commentary) support the thought that this small-cap infrastructure company still has promising business prospects.
Read more here.