Quanta Services (NYSE:PWR) Updates FY 2025 Earnings Guidance

Quanta Services (NYSE:PWR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 9.900-10.500 for the period, compared to the consensus earnings per share estimate of 10.250. The company issued revenue guidance of $26.6 billion-$27.1 billion, compared to the consensus revenue estimate of $26.9 billion.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PWR shares. Stifel Nicolaus increased their price objective on shares of Quanta Services from $374.00 to $388.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. BMO Capital Markets started coverage on shares of Quanta Services in a report on Monday, February 3rd. They issued an "outperform" rating and a $338.00 price objective for the company. Truist Financial cut their target price on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Roth Mkm started coverage on shares of Quanta Services in a research note on Friday. They set a "buy" rating and a $350.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $331.53.

Quanta Services Stock Performance

NYSE PWR traded down $11.41 during midday trading on Friday, hitting $269.75. The company had a trading volume of 3,467,677 shares, compared to its average volume of 1,594,487. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The stock has a market cap of $39.82 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 1.46 and a beta of 1.05. The firm has a fifty day simple moving average of $316.02 and a two-hundred day simple moving average of $305.18. Quanta Services has a fifty-two week low of $221.07 and a fifty-two week high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts forecast that Quanta Services will post 7.91 earnings per share for the current fiscal year.

About Quanta Services

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.