From Investing.com, South Africa, May 1:
Quanta Services stock rises as Q1 earnings top estimates, guidance raised
HOUSTON - Quanta Services , Inc. (NYSE:PWR) reported first quarter earnings that exceeded analyst expectations, driving its stock up 2.6% in early trading. The infrastructure solutions provider also raised its full-year guidance, signaling confidence in its outlook despite macroeconomic uncertainties.
For the first quarter ended March 31, 2025, Quanta Services posted adjusted earnings per share of $1.78, surpassing the analyst consensus of $1.74. Revenue came in at $6.23 billion, beating estimates of $5.88 billion and representing a 23.9% increase YoY from $5.03 billion.
The company’s strong performance was driven by robust demand for its collaborative infrastructure solutions. Quanta Services reported record quarterly backlog of $35.3 billion, indicating a healthy pipeline of future projects.
"Quanta is pleased to report strong first quarter results, including robust double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $35.3 billion," said Duke Austin, President and CEO of Quanta Services.
Looking ahead, Quanta Services raised its full-year 2025 earnings guidance to a range of $10.05 to $10.65 per share, with the midpoint of $10.35 exceeding the analyst consensus of $10.17....
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The stock is up $29.89 (+10.21%) at $322.58.
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