Quanta Services, Inc. Set to Report Strong Q1 Earnings This May

With a market capitalization of $39.6 billion, Quanta Services, Inc. (PWR) provides infrastructure solutions across the electric and gas utility, renewable energy, communications, pipeline, and energy sectors. The company operates in the United States, Canada, Australia, and beyond, with its headquarters located in Houston, Texas. Quanta is scheduled to publish its Q1 earnings on Thursday, May 1, prior to market opening.

Analysts anticipate that PWR will report earnings of $1.47 per share, reflecting a 19.5% increase from the $1.23 per share reported in the same quarter last year. The company has demonstrated strong performance, exceeding analysts’ earnings expectations in three of the last four quarters, with only one miss. In the last quarter, PWR delivered an EPS of $2.74, which exceeded consensus estimates by 11.8%. This growth was attributed to its strong portfolio, disciplined execution, and customer-centric strategies.

Looking forward, analysts expect PWR to report an annual EPS of $9.39 for the current fiscal year, marking a 14.4% increase from $8.21 in fiscal 2024. Additionally, projections indicate a robust year-over-year earnings growth of 14.1%, with expectations of reaching $10.71 per share in fiscal 2026.

Over the past year, PWR shares have increased by 8.6%, outperforming the S&P 500 Index’s ($SPX) 5.4% gain and the Industrial Select Sector SPDR Fund’s (XLI) 3.5% uptick during the same period.

Following its Q4 earnings release on February 20, PWR experienced a 3.7% decline in stock price. In that quarter, the company’s revenue rose by 13.3% to $6.55 billion, which fell short of the expected $6.61 billion. Operating income surged by 40.4% year-over-year to reach $452.7 million. Quanta has acknowledged that weather conditions, regulatory issues, and supply chain challenges have impacted project timing and execution, which may affect future financial results.

Despite these challenges, analysts maintain a positive outlook on PWR Stock, with an overall “Strong Buy” rating. Among the 24 analysts tracking the stock, 18 suggest a “Strong Buy,” while six recommend a “Hold.” The average target price for PWR of $332.45 implies a 24.4% upside from its current price level.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are provided for informational purposes only. For more details, please review the Barchart Disclosure Policy here.

More news from Barchart

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.