Quanta Services (PWR) Beats Q4 Earnings Estimates

Core Viewpoint - Quanta Services reported quarterly earnings of $2.94 per share, exceeding the Zacks Consensus Estimate of$ 2.64 per share, and showing an increase from $2.04 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was 11.36%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - The company had previously reported earnings of$ 2.72 per share against an expectation of $2.66 per share, resulting in a surprise of 2.26% [2] Revenue Performance - Quanta Services posted revenues of$ 6.55 billion for the quarter ended December 2024, which was 1.20% below the Zacks Consensus Estimate, compared to $5.78 billion in the same quarter last year [3] - The company has exceeded consensus revenue estimates two times in the last four quarters [3] Stock Performance and Outlook - Quanta Services shares have declined approximately 7.6% since the beginning of the year, while the S&P 500 has gained 4.5% [4] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is$ 1.71 on revenues of $6 billion, and for the current fiscal year, it is$ 10.30 on revenues of $26.95 billion [8] Industry Context - Quanta Services operates within the Zacks Engineering - R and D Services industry, which is currently ranked in the bottom 36% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, as historically, the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]