Quanta Services Inc reports results for the quarter ended March 31 - Earnings Summary

• Quanta Services Inc PWR.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of twenty two analysts for the quarter was for earnings of $1.67 per share. Wall Street expected results to range from $1.50 to $1.88 per share.

• Revenue rose 23.9% to $6.23 billion from a year ago; analysts expected $5.86 billion.

• Quanta Services Inc's reported EPS for the quarter was 96 cents​.

• The company reported quarterly net income of $144.26 million.

• Quanta Services Inc shares had risen by 15.2% this quarter and lost 7.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Quanta Services Inc is $334.00

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)