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 Price Performance

NYSE:PWR traded down $13.80 during mid-day trading on Thursday, hitting $278.27. 2,522,776 shares of the stock traded hands, compared to its average volume of 1,492,107. The business’s 50-day moving average price is $318.48 and its 200 day moving average price is $305.14. The company has a market cap of $41.08 billion, a PE ratio of 51.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Quanta Services has a 12-month low of $206.58 and a 12-month high of $365.88. 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 released its quarterly earnings results 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%. On average, analysts expect that Quanta Services will post 7.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Citigroup cut their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. 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 on the stock. UBS Group raised their price target on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $330.50.

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.