Brokers Offer Predictions for Quanta Services Q1 Earnings

Quanta Services, Inc. (NYSE:PWR) – Investment analysts at DA Davidson issued their Q1 2025 earnings estimates for Quanta Services in a research note issued to investors on Friday, February 21st. DA Davidson analyst B. Thielman forecasts that the construction company will earn $1.49 per share for the quarter. The consensus estimate for Quanta Services’ current full-year earnings is $9.34 per share.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion.

Several other research firms have also recently issued reports on PWR. BMO Capital Markets raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $338.00 to $316.00 in a report on Tuesday. Bank of America began coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Northland Securities reaffirmed an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Robert W. Baird raised their target price on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Quanta Services Trading Up 1.9 %

NYSE PWR opened at $264.35 on Monday. The stock has a market capitalization of $39.02 billion, a P/E ratio of 43.84, a P/E/G ratio of 1.41 and a beta of 1.05. Quanta Services has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a 50-day moving average price of $312.93 and a 200 day moving average price of $305.99. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Hedge Funds Weigh In On Quanta Services

A number of institutional investors have recently modified their holdings of the company. Banque Transatlantique SA bought a new position in Quanta Services in the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Quanta Services in the 4th quarter valued at $26,000. Webster Bank N. A. grew its stake in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth approximately $27,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the third quarter valued at approximately $31,000. Institutional investors own 90.49% of the company’s stock.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.