The upcoming report from Quanta Services (PWR - Free Report) is expected to reveal quarterly earnings of $1.26 per share, indicating an increase of 1.6% compared to the year-ago period. Analysts forecast revenues of $4.96 billion, representing an increase of 11.9% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Quanta Services metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenues- Electric Power Infrastructure Solutions' will reach $2.34 billion. The estimate indicates a year-over-year change of +0.2%.
It is projected by analysts that the 'Operating income (loss)- Electric Power Infrastructure Solutions' will reach $208.23 million. The estimate is in contrast to the year-ago figure of $215.15 million.
The consensus among analysts is that 'Operating income (loss)- Renewable Energy Infrastructure Solutions' will reach $101.11 million. Compared to the current estimate, the company reported $61.57 million in the same quarter of the previous year.
View all Key Company Metrics for Quanta Services here>>>
Quanta Services shares have witnessed a change of +0.7% in the past month, in contrast to the Zacks S&P 500 composite's -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 >>>>
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The upcoming report from Quanta Services (PWR - Free Report) is expected to reveal quarterly earnings of $1.26 per share, indicating an increase of 1.6% compared to the year-ago period. Analysts forecast revenues of $4.96 billion, representing an increase of 11.9% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Quanta Services metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenues- Electric Power Infrastructure Solutions' will reach $2.34 billion. The estimate indicates a year-over-year change of +0.2%.
It is projected by analysts that the 'Operating income (loss)- Electric Power Infrastructure Solutions' will reach $208.23 million. The estimate is in contrast to the year-ago figure of $215.15 million.
The consensus among analysts is that 'Operating income (loss)- Renewable Energy Infrastructure Solutions' will reach $101.11 million. Compared to the current estimate, the company reported $61.57 million in the same quarter of the previous year.
View all Key Company Metrics for Quanta Services here>>>
Quanta Services shares have witnessed a change of +0.7% in the past month, in contrast to the Zacks S&P 500 composite's -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 >>>>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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