MasTec (NYSE: MTZ) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), MasTec beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
 MasTec tallied revenue of $918.6 million. The nine analysts polled by S&P Capital IQ looked for net sales of $854.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $738.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.26. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. Non-GAAP EPS of $0.26 for Q1 were 53% higher than the prior-year quarter's $0.17 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.) GAAP EPS of $0.22 for Q1 were 29% higher than the prior-year quarter's $0.17 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 13.8%, 210 basis points better than the prior-year quarter. Operating margin was 5.1%, 130 basis points better than the prior-year quarter. Net margin was 2.0%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $961.4 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $4.03 billion. The average EPS estimate is $1.80.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 236 members out of 253 rating the stock outperform, and 17 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give MasTec a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MasTec is outperform, with an average price target of $33.15.

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