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

Quanta Services (NYSE:PWR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.900-10.500 for the period, compared to the consensus 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.

Quanta Services Trading Down 0.4 %

PWR traded down $1.07 during midday trading on Friday, hitting $280.09. 1,041,515 shares of the company were exchanged, compared to its average volume of 1,521,464. The firm has a market capitalization of $41.34 billion, a P/E ratio of 51.68, a P/E/G ratio of 1.46 and a beta of 1.05. Quanta Services has a 1-year low of $221.07 and a 1-year high of $365.88. The firm’s 50 day moving average price is $317.38 and its 200-day moving average price is $304.97. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last announced 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. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. As a group, equities analysts forecast that Quanta Services will post 7.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PWR shares. Bank of America started coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective for the company. Truist Financial lowered their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Stifel Nicolaus lifted their price objective on Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets started coverage on Quanta Services in a research report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

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.