Houston, Texas-based Quanta Services, Inc. (PWR) offers end-to-end infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries. Valued at a market cap of $64.3 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Thursday, Oct. 30.
Before this event, analysts expect this industrial company to report a profit of $3.05 per share, up 20.6% from $2.53 per share in the year-ago quarter. The company has a promising trajectory of consistently beating Wall Street’s bottom-line estimates in each of the last four quarters. Its earnings of $2.48 per share in the previous quarter outpaced the consensus estimates by 2.1%.
For fiscal 2025, analysts expect PWR to report a profit 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 $11.32 in fiscal 2026.
Shares of PWR have rallied 44.4% over the past 52 weeks, considerably outperforming both the S&P 500 Index’s ($SPX) 15.1% return and the Industrial Select Sector SPDR Fund’s (XLI) 11.6% rise over the same time frame.
On Jul. 31, shares of PWR dipped 1.2% despite reporting better-than-expected Q2 results. The company’s revenue advanced 21.1% year-over-year to $6.8 billion, surpassing consensus estimates by 3.4%. Moreover, its adjusted EPS of $2.48 improved 30.5% from the year-ago quarter, topping Wall Street expectations by 2.1. Additionally, PWR raised its fiscal 2025 guidance, reflecting strong quarterly results and the acquisition of dynamic systems. It now expects adjusted EPS 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 optimistic about PWR’s stock, with a “Moderate Buy” rating overall. Among 28 analysts covering the stock, 16 recommend “Strong Buy,” and 12 suggest “Hold.” While the company is trading above its mean price target of $433.62, its Street-high price target of $521, implies an 18.7% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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