We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Quanta Services (PWR) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Wall Street analysts expect Quanta Services (PWR - Free Report) to post quarterly earnings of $1.93 per share in its upcoming report, which indicates a year-over-year increase of 17%. Revenues are expected to be $5.51 billion, up 9.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Quanta Services metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenues- Electric Power Infrastructure Solutions' to reach $2.64 billion. The estimate suggests a change of +9.2% year over year.
Based on the collective assessment of analysts, 'Revenues- Renewable Energy Infrastructure Solutions' should arrive at $1.75 billion. The estimate indicates a change of +26.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Underground Utility and Infrastructure Solutions' should come in at $1.13 billion. The estimate indicates a change of -8.9% from the prior-year quarter.
Analysts predict that the 'Total Backlog' will reach $30.91 billion. The estimate compares to the year-ago value of $27.20 billion.
It is projected by analysts that the 'Operating income (loss)- Electric Power Infrastructure Solutions' will reach $267.88 million. Compared to the current estimate, the company reported $244.02 million in the same quarter of the previous year.
Analysts expect 'Operating income (loss)- Underground Utility and Infrastructure Solutions' to come in at $93.01 million. The estimate is in contrast to the year-ago figure of $107.21 million.
Quanta Services shares have witnessed a change of +1% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), PWR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quanta Services (PWR) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect Quanta Services (PWR - Free Report) to post quarterly earnings of $1.93 per share in its upcoming report, which indicates a year-over-year increase of 17%. Revenues are expected to be $5.51 billion, up 9.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Quanta Services metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenues- Electric Power Infrastructure Solutions' to reach $2.64 billion. The estimate suggests a change of +9.2% year over year.
Based on the collective assessment of analysts, 'Revenues- Renewable Energy Infrastructure Solutions' should arrive at $1.75 billion. The estimate indicates a change of +26.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Underground Utility and Infrastructure Solutions' should come in at $1.13 billion. The estimate indicates a change of -8.9% from the prior-year quarter.
Analysts predict that the 'Total Backlog' will reach $30.91 billion. The estimate compares to the year-ago value of $27.20 billion.
It is projected by analysts that the 'Operating income (loss)- Electric Power Infrastructure Solutions' will reach $267.88 million. Compared to the current estimate, the company reported $244.02 million in the same quarter of the previous year.
Analysts expect 'Operating income (loss)- Underground Utility and Infrastructure Solutions' to come in at $93.01 million. The estimate is in contrast to the year-ago figure of $107.21 million.
View all Key Company Metrics for Quanta Services here>>>
Quanta Services shares have witnessed a change of +1% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), PWR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>