Quanta Services (PWR) Expected to Announce Quarterly Earnings on Thursday

Quanta Services (NYSE:PWR - Get Free Report) is expected to announce its Q4 2024 earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $2.62 per share and revenue of $6.61 billion for the quarter. Quanta Services has set its FY 2025 guidance at 9.900-10.500 EPS.Investors that wish to register for the company's conference call can do so using this link.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. On average, analysts expect Quanta Services to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Quanta Services Trading Down 4.1 %

NYSE:PWR traded down $11.41 during mid-day trading on Friday, hitting $269.75. 3,467,677 shares of the company's stock were exchanged, compared to its average volume of 1,594,487. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services has a fifty-two week low of $221.07 and a fifty-two week high of $365.88. The company has a 50 day simple moving average of $316.02 and a 200-day simple moving average of $305.18. The firm has a market capitalization of $39.82 billion, a P/E ratio of 49.77, a PEG ratio of 1.46 and a beta of 1.05.

Wall Street Analyst Weigh In

PWR has been the subject of several analyst reports. Daiwa Capital Markets initiated coverage on shares of Quanta Services in a report on Friday, December 6th. They set an "outperform" rating and a $355.00 price target for the company. BMO Capital Markets initiated coverage on shares of Quanta Services in a report on Monday, February 3rd. They set an "outperform" rating and a $338.00 price target for the company. Truist Financial lowered their price target on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Bank of America initiated coverage on shares of Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 price target for the company. Finally, Stifel Nicolaus raised their price target on shares of Quanta Services from $374.00 to $388.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus target price of $331.53.

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.