Zacks Research Expects Higher Earnings for Quanta Services

Quanta Services, Inc. (NYSE:PWR - Free Report) - Zacks Research increased their Q1 2025 EPS estimates for shares of Quanta Services in a report released on Wednesday, March 12th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings per share of $1.50 for the quarter, up from their previous forecast of $1.45. The consensus estimate for Quanta Services' current full-year earnings is $9.34 per share. Zacks Research also issued estimates for Quanta Services' Q4 2025 earnings at $2.77 EPS, FY2025 earnings at $9.37 EPS, Q2 2026 earnings at $2.55 EPS, Q3 2026 earnings at $3.39 EPS, Q4 2026 earnings at $2.84 EPS, FY2026 earnings at $10.55 EPS and FY2027 earnings at $12.59 EPS.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion.

Other equities research analysts have also issued reports about the stock. Truist Financial cut their price target on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Bank of America began coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 price target on the stock. B. Riley reiterated a "neutral" rating and set a $300.00 price target (down from $343.00) on shares of Quanta Services in a research note on Wednesday. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.79.

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Quanta Services Stock Up 0.6 %

NYSE:PWR traded up $1.70 during midday trading on Monday, hitting $272.10. 743,522 shares of the company were exchanged, compared to its average volume of 1,750,806. The company has a fifty day simple moving average of $291.03 and a 200 day simple moving average of $304.22. Quanta Services has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $40.32 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB boosted its stake in Quanta Services by 4.6% during the 3rd quarter. Swedbank AB now owns 960,081 shares of the construction company's stock valued at $286,248,000 after acquiring an additional 42,579 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Quanta Services by 8.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company's stock worth $406,000 after purchasing an additional 106 shares during the period. Huntington National Bank raised its holdings in shares of Quanta Services by 2.9% during the third quarter. Huntington National Bank now owns 1,240 shares of the construction company's stock worth $370,000 after purchasing an additional 35 shares during the period. KBC Group NV raised its holdings in shares of Quanta Services by 13.4% during the third quarter. KBC Group NV now owns 13,094 shares of the construction company's stock worth $3,904,000 after purchasing an additional 1,547 shares during the period. Finally, Metis Global Partners LLC raised its holdings in shares of Quanta Services by 3.0% during the third quarter. Metis Global Partners LLC now owns 5,871 shares of the construction company's stock worth $1,750,000 after purchasing an additional 173 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.