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Quanta Services (PWR)
NYSE:PWR
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.62Last Year’s EPS
2.04Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 7.92%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with record financial metrics and successful acquisitions enhancing future growth prospects. However, challenges such as supply chain constraints and weather-related disruptions were noted, along with some delays in renewable energy projects.Company Guidance
During the Quanta Services Third Quarter 2024 Earnings Conference Call, management provided guidance indicating expectations for another year of profitable growth, with record revenues projected. Key financial metrics outlined included an anticipated 20% growth in adjusted earnings per share (EPS) at the midpoint of their guidance compared to the previous year, along with record levels of free cash flow and a leverage profile expected to be below 2x by year-end. The company's total backlog reached a record $34 billion, and free cash flow was reported at $539 million for the quarter. The guidance also emphasized double-digit growth in adjusted EBITDA, adjusted EPS, and further improvements in cash flow and returns profile. The management highlighted the ongoing integration of Cupertino Electric and its positive reception in the market, as well as Quanta's strategic positioning within the utility, renewable energy, and technology sectors.Record Financial Metrics Achieved
Quanta Services achieved double-digit growth in revenues, adjusted EBITDA, and adjusted earnings per share. The company reported a total backlog of $34 billion and free cash flow of $539 million.
Successful Integration of Cupertino Electric
The integration of Cupertino Electric is progressing well, with positive customer response noted. The acquisition is expected to enhance Quanta's solutions for the technology and data center industry.
Strong Renewable Energy and Data Center Growth
Quanta Services reported strong growth opportunities in renewable energy and data centers, with a forecasted 23% CAGR in data center power needs.
Positive Outlook for 2024
The company expects record revenues and double-digit growth in adjusted EBITDA, adjusted earnings per share, and free cash flow for the full year 2024.
Strategic Acquisition of Transformer Manufacturing Capability
Quanta acquired a small transformer manufacturing company to address supply chain constraints and enhance internal support capabilities.
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PWR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $311.53 | $301.53 | -3.21% |
| Aug 01, 2024 | $265.22 | $254.72 | -3.96% |
| May 02, 2024 | $255.76 | $254.75 | -0.39% |
| Feb 22, 2024 | $210.94 | $232.62 | +10.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quanta Services (PWR) report earnings?
Quanta Services (PWR) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Quanta Services (PWR) earnings time?
Quanta Services (PWR) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PWR EPS forecast?
PWR EPS forecast for the fiscal quarter 2024 (Q4) is 2.62.
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