Quanta Services, Inc. (PWR), headquartered in Houston, Texas, provides end-to-end infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries. Valued at a market capitalization of $64.3 billion, the company is expected to announce its fiscal third-quarter 2025 earnings before the market opens on Thursday, October 30.
Ahead of this event, analysts expect this industrial company to post earnings of $3.05 per share, up 20.6% from $2.53 per share in the same quarter last year. The company has a promising track record of consistently beating Wall Street earnings estimates in each of the last four quarters. Its trailing-quarter earnings of $2.48 per share topped consensus estimates by 2.1%.
For fiscal 2025, analysts expect PWR to post earnings of $9.74 per share, up 18.6% from $8.21 per share in fiscal 2024. Its EPS is expected to further grow 16.2% year-over-year to $11.32 in fiscal 2026.
PWR stock has risen 44.4% over the past 52 weeks, significantly outperforming both the S&P 500 Index ($SPX)’s 15.1% return and the SPDR Select Sector Industrial Fund’s (XLI) gain of 11.6% over the same time period.
On July 31, PWR stock fell 1.2% despite reporting better-than-expected second-quarter results. The company’s revenue increased 21.1% year over year to $6.8 billion, beating consensus estimates by 3.4%. Additionally, its adjusted EPS of $2.48 improved 30.5% from the prior-year quarter, beating Wall Street expectations by 2.1. Additionally, PWR raised its guidance for fiscal 2025, reflecting strong quarterly results and the acquisition of dynamic systems. It now expects adjusted earnings per share in the range of $10.28 to $10.88, and projects revenue to be between $27.4 billion and $27.9 billion.
Wall Street analysts are moderately bullish on PWR stock, with an overall rating of “Moderate Buy.” Among the 28 analysts covering the stock, 16 recommend a “Strong Buy” and 12 suggest a “Hold.” While the company is trading above its average price target of $433.62, its street high price target of $521 implies a potential upside of 18.7% from current levels.
On the date of publication, Neharika Jain had no (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com