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Quanta Services (PWR)
NYSE:PWR
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:Feb 20, 2025
|% Change Since: -3.74%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Quanta Services reported a successful 2024 with record growth and strong financial performance, driven by strategic initiatives and acquisitions. Despite minor challenges related to weather impacts and certain market segments, the company is well-positioned for continued growth in 2025.Company Guidance
During the Quanta Services fourth quarter and full year 2024 earnings call, the company provided guidance indicating another year of profitable growth for 2025. Quanta expects record revenues with improved margins, and aims for double-digit growth in adjusted EBITDA and adjusted earnings per share. The company ended 2024 with a total backlog of $34.5 billion, which includes all-time highs in the renewable energy infrastructure solutions segment. For the fourth quarter of 2024, Quanta reported revenues of $6.6 billion, net income of $305.1 million, adjusted diluted earnings per share of $2.94, and adjusted EBITDA of $737.8 million, representing 11.3% of revenues. Additionally, Quanta achieved record free cash flow of $1.6 billion for the year. The company announced a resegmentation, combining its electric power infrastructure solutions and renewable energy infrastructure solutions into the new electric infrastructure solutions segment. This change reflects how the business is managed and aims to align with the growing and converging market opportunities.Record Financial Metrics
Quanta Services reported double-digit growth in revenues and earnings for the fourth quarter and full year 2024, achieving record financial metrics, including a total backlog at year-end of $34.5 billion.
Renewable Energy Infrastructure Achievements
The renewable energy infrastructure solutions segment achieved all-time highs in both twelve-month and total backlog.
Excellent Cash Flow Performance
Fourth quarter and full year free cash flow exceeded the upper end of guidance expectations, with a record full-year free cash flow of $1.6 billion.
Strategic Acquisitions
Quanta acquired two companies for approximately $562 million in cash and stock, supporting organic growth and opportunistic capital investment.
2025 Growth Expectations
Quanta expects another year of profitable growth in 2025 with record revenues, improved margins, and double-digit growth in adjusted EBITDA and adjusted earnings per share.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $292.07 | $281.16 | -3.74% |
| 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% |
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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