Climateer Investing: "Quanta Services soars 10% on earnings beat and raised outlook" (PWR)

Thursday, April 30, 2026

"Quanta Services soars 10% on earnings beat and raised outlook" (PWR)

In pre-market trade the stock is up $58.35 (+9.29%) $686.68.

From Investing.com, April 30:

NEW YORK - Quanta Services Inc. (NYSE:PWR) reported first-quarter results that significantly exceeded analyst expectations and raised its full-year financial outlook, sending shares up 10%.

The infrastructure services provider posted adjusted earnings per share of $2.68, beating the analyst consensus of $2.06 by $0.62. Revenue reached $7.87 billion, surpassing the $6.99 billion estimate and representing strong double-digit growth from the prior year. The company also reported GAAP diluted EPS of $1.45 and net income attributable to common stock of $220.6 million.

Quanta raised its fiscal 2026 guidance substantially across key metrics. The company now expects full-year EPS of $13.55 to $14.25, with a midpoint of $13.90 that exceeds the analyst consensus of $13.11. Revenue guidance was set at $34.7 billion to $35.2 billion, with the $34.95 billion midpoint above the $33.31 billion consensus estimate.

"Quanta delivered an exceptional first quarter, reflected by strong double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $48.5 billion," said Duke Austin, President and Chief Executive Officer....

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Here's the press release: