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Unveiling Quanta Services (PWR) Q1 Outlook: Wall Street Estimates for Key Metrics
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In its upcoming report, Quanta Services (PWR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.04 per share, reflecting an increase of 14.6% compared to the same period last year. Revenues are forecasted to be $6.99 billion, representing a year-over-year increase of 12.2%.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Quanta Services metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Underground and Infrastructure' at $1.33 billion. The estimate points to a change of +2.9% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Electric' will reach $5.55 billion. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Total Backlog' stands at $43.89 billion. The estimate compares to the year-ago value of $35.25 billion.
Analysts expect 'Operating income (loss)- Electric' to come in at $465.02 million. The estimate is in contrast to the year-ago figure of $408.16 million.
The combined assessment of analysts suggests that 'Operating income (loss)- Underground and Infrastructure' will likely reach $93.35 million. Compared to the present estimate, the company reported $76.87 million in the same quarter last year.
Quanta Services shares have witnessed a change of +13.6% in the past month, in contrast to the Zacks S&P 500 composite's +9.3% 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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Unveiling Quanta Services (PWR) Q1 Outlook: Wall Street Estimates for Key Metrics
In its upcoming report, Quanta Services (PWR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.04 per share, reflecting an increase of 14.6% compared to the same period last year. Revenues are forecasted to be $6.99 billion, representing a year-over-year increase of 12.2%.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Quanta Services metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Underground and Infrastructure' at $1.33 billion. The estimate points to a change of +2.9% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Electric' will reach $5.55 billion. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Total Backlog' stands at $43.89 billion. The estimate compares to the year-ago value of $35.25 billion.
Analysts expect 'Operating income (loss)- Electric' to come in at $465.02 million. The estimate is in contrast to the year-ago figure of $408.16 million.
The combined assessment of analysts suggests that 'Operating income (loss)- Underground and Infrastructure' will likely reach $93.35 million. Compared to the present estimate, the company reported $76.87 million in the same quarter last year.
View all Key Company Metrics for Quanta Services here>>>Quanta Services shares have witnessed a change of +13.6% in the past month, in contrast to the Zacks S&P 500 composite's +9.3% 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 >>>> .