We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
What Analyst Projections for Key Metrics Reveal About Quanta Services (PWR) Q3 Earnings
Read MoreHide Full Article
In its upcoming report, Quanta Services (PWR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.01 per share, reflecting an increase of 50.5% compared to the same period last year. Revenues are forecasted to be $10.99 billion, representing a year-over-year increase of 43.9%.
The current level reflects an upward revision of 0.8% 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 announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance 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.
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.
Analysts predict that the 'Revenues- Underground and Infrastructure' will reach $2.27 billion. The estimate points to a change of +55.5% from the year-ago quarter.
The consensus estimate for 'Total Backlog' stands at $55.04 billion. Compared to the current estimate, the company reported $39.17 billion in the same quarter of the previous year.
The average prediction of analysts places 'Backlog - Underground and Infrastructure' at $9.87 billion. The estimate is in contrast to the year-ago figure of $6.53 billion.
Based on the collective assessment of analysts, 'Operating income (loss)- Underground and Infrastructure' should arrive at $199.19 million. Compared to the current estimate, the company reported $122.22 million in the same quarter of the previous year.
Shares of Quanta Services have experienced a change of -12.5% in the past month compared to the -0.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PWR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Quanta Services (PWR) Q3 Earnings
In its upcoming report, Quanta Services (PWR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.01 per share, reflecting an increase of 50.5% compared to the same period last year. Revenues are forecasted to be $10.99 billion, representing a year-over-year increase of 43.9%.
The current level reflects an upward revision of 0.8% 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 announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance 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.
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.
Analysts predict that the 'Revenues- Underground and Infrastructure' will reach $2.27 billion. The estimate points to a change of +55.5% from the year-ago quarter.
The consensus estimate for 'Total Backlog' stands at $55.04 billion. Compared to the current estimate, the company reported $39.17 billion in the same quarter of the previous year.
The average prediction of analysts places 'Backlog - Underground and Infrastructure' at $9.87 billion. The estimate is in contrast to the year-ago figure of $6.53 billion.
Based on the collective assessment of analysts, 'Operating income (loss)- Underground and Infrastructure' should arrive at $199.19 million. Compared to the current estimate, the company reported $122.22 million in the same quarter of the previous year.
View all Key Company Metrics for Quanta Services here>>>Shares of Quanta Services have experienced a change of -12.5% in the past month compared to the -0.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PWR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .