Core Insights - Quanta Services, Inc. reported strong financial results for Q4 2024, with revenues of $6.55 billion, a 13.3% increase from $5.78 billion in Q4 2023, and net income of $305.1 million, or $2.03 per diluted share, compared to $210.9 million, or $1.42 per diluted share, in the same period last year [1][4][7] - The company achieved record annual revenues of $23.67 billion for 2024, up from $20.88 billion in 2023, with adjusted diluted earnings per share increasing to $8.97 from $7.16 [4][7] - Quanta expects continued growth in 2025, projecting revenues between $26.60 billion and $27.10 billion, with net income ranging from $1.04 billion to $1.13 billion, and adjusted EBITDA between $2.66 billion and $2.80 billion [10][8] Financial Performance - Q4 2024 adjusted diluted earnings per share was $2.94, up from $2.04 in Q4 2023, reflecting strong operational performance [1][4] - Full-year 2024 adjusted EBITDA reached $2.33 billion, compared to $1.92 billion in 2023, indicating a robust operational efficiency [4][7] - The company generated $575 million in free cash flow in Q4 2024, contributing to a solid balance sheet [2][4] Market Position and Strategy - Quanta is positioned as a leader in the power and infrastructure solutions industry, benefiting from increasing demand for energy and technology infrastructure [3][2] - The company completed eight acquisitions in 2024, enhancing its service offerings and market reach [3][8] - Quanta's total backlog reached $34.54 billion, with remaining performance obligations of $16.76 billion, indicating strong future revenue visibility [4][30] Segment Performance - The Electric Power Infrastructure Solutions segment generated revenues of $3.41 billion in Q4 2024, with an operating margin of 13.1%, up from 10.5% in Q4 2023 [26][25] - The Renewable Energy Infrastructure Solutions segment reported revenues of $1.98 billion in Q4 2024, with a margin of 10.5%, compared to 8.9% in the previous year [26][25] - The Underground Utility and Infrastructure Solutions segment had revenues of $1.17 billion in Q4 2024, with a margin of 3.6%, down from 6.6% in Q4 2023 [26][25] Future Outlook - The company anticipates double-digit growth in revenue, adjusted EBITDA, and earnings per share for 2025, supported by a strong backlog and market demand [3][10] - Quanta's strategic focus includes expanding its total addressable market and reinforcing its leadership in essential infrastructure solutions [3][2] - The company plans to continue its capital deployment strategy, including acquisitions and stock repurchase programs, to enhance shareholder value [11][10]

Core Viewpoint - Analysts expect Quanta Services (PWR) to report quarterly earnings of $2.64 per share, reflecting a year-over-year increase of 29.4%, with revenues projected at $6.63 billion, up 14.7% from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised upward by 2.4% over the past 30 days, indicating a collective reassessment by analysts [1][2] Revenue Estimates - Analysts project 'Revenues- Electric Power Infrastructure Solutions' to reach $3.35 billion, a year-over-year increase of 36.5% [4] - 'Revenues- Renewable Energy Infrastructure Solutions' is expected to be $2.17 billion, indicating a 7.2% increase from the prior year [4] - 'Revenues- Underground Utility and Infrastructure Solutions' is estimated at $1.09 billion, reflecting a decrease of 16% from the previous year [5] Backlog Estimates - The estimated 'Backlog - Electric Power Infrastructure Solutions' is $19.58 billion, compared to $15.50 billion a year ago [6] - The total backlog is projected at $33.69 billion, up from $30.11 billion year-over-year [6] Operating Income Estimates - 'Operating income (loss)- Electric Power Infrastructure Solutions' is expected to be $379.78 million, up from $258.01 million in the same quarter last year [7] - 'Operating income (loss)- Underground Utility and Infrastructure Solutions' is projected at $56.14 million, down from $85.43 million year-over-year [7] - 'Operating income (loss)- Renewable Energy Infrastructure Solutions' is estimated at $246.32 million, compared to $179.68 million in the previous year [8] Stock Performance - Over the past month, shares of Quanta Services have declined by 13.5%, while the Zacks S&P 500 composite has increased by 4.9% [8]

Core Viewpoint - Captiva Verde Wellness Corp. has acquired a 49% stake in Matnaggewinu Development Corporation (MDC), an Indigenous-led development corporation, to enhance Indigenous business expansion and sustainable economic development [2][10]. Company Overview - Captiva Verde is a publicly traded company listed on the Canadian Securities Exchange (CSE) under the symbol PWR and on the US OTC Market under CPIVF [2]. - MDC is dedicated to advancing economic opportunities and self-sufficiency for Mi'kmaq communities through initiatives in affordable housing, health and wellness, and sustainable infrastructure development [4][10]. Leadership and Vision - Jeff Ciachurski, Director of Captiva Verde, aims to drive economic reconciliation and ensure long-term benefits for Mi'kmaq communities through this partnership [3][10]. - Nowlen Augustine, founder of MDC, is a prominent advocate for First Nations rights and has extensive experience in supporting Indigenous economic development [5][6]. First Project - MDC's first major project involves a 55-acre sustainable development site located 3 miles (5 km) west of Moncton, New Brunswick, which will serve as a flagship for Indigenous-led community development [7]. Planned Development Features - The development will focus on sustainability, ensuring environmental stewardship and long-term community benefits [9]. - All construction funding will be secured at the project level to maintain financial sustainability and avoid corporate dilution [9]. Commitment to Economic Reconciliation - The partnership between MDC and Captiva Verde is committed to developing high-quality, affordable housing solutions, advancing health initiatives, and strengthening Indigenous economic sovereignty [15].

Company Performance - Quanta Services (PWR) ended the latest trading session at $307.61, reflecting a -0.54% adjustment from the previous day's close, underperforming the S&P 500 which lost 0.51% [1] - Over the past month, shares of Quanta Services have decreased by 1.97%, while the Construction sector and the S&P 500 gained 2.42% and 2.87% respectively [1] Upcoming Earnings - Quanta Services is scheduled to release its earnings report on February 20, 2025, with projected earnings per share (EPS) of $2.63, indicating a 28.92% increase from the same quarter last year [2] - The consensus estimate anticipates revenue of $6.62 billion, reflecting a 14.46% increase from the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for Quanta Services are important as they reflect evolving short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation [3] - The Zacks Consensus EPS estimate has seen a 0.63% decrease over the last 30 days, and Quanta Services currently holds a Zacks Rank of 4 (Sell) [5] Valuation Metrics - Quanta Services has a Forward P/E ratio of 30.08, which is a premium compared to the industry's average Forward P/E of 20.23 [6] - The company has a PEG ratio of 1.41, which is slightly below the average PEG ratio of 1.46 for the Engineering - R and D Services industry [7] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, has a Zacks Industry Rank of 207, placing it within the bottom 18% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

In the latest market close, Quanta Services (PWR) reached $297.80, with a +1.3% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.47%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.Heading into today, shares of the specialty contractor for utility and energy companies had lost 6.98% over the past month, lagging the Construction sector's gain of 0.6% and the S&P 500's gain of 1.67% in that time.The upcoming earnings release of Q ...

HOUSTON, Jan. 23, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that it will release its fourth quarter and full-year 2024 financial results on Thursday, February 20, 2025, before the market opens. In conjunction with the press release, Quanta has scheduled a webcast and conference call for 9:00 a.m. Eastern time on Thursday, February 20, 2025. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its fourth quarter and full-year 2024 earnings release, Qua ...

In the latest market close, Quanta Services (PWR) reached $337.46, with a +0.38% movement compared to the previous day. This change lagged the S&P 500's 1% gain on the day. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 1.51%.Shares of the specialty contractor for utility and energy companies witnessed a gain of 4.22% over the previous month, beating the performance of the Construction sector with its loss of 3.14% and the S&P 500's loss of 2.14%.The investment commun ...

Company Performance - Quanta Services (PWR) closed at $313.48, marking a +0.41% move from the prior day, outperforming the S&P 500 which lost 1.54% [1] - Over the past month, shares of Quanta Services have depreciated by 7.11%, better than the Construction sector's loss of 10.47% and worse than the S&P 500's loss of 2.2% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $2.64, indicating a 29.41% growth compared to the same quarter last year [2] - Revenue is projected to be $6.62 billion, reflecting a 14.51% increase compared to the year-ago quarter [2] Analyst Estimates - Recent changes to analyst estimates for Quanta Services are noteworthy, as they often indicate shifts in near-term business trends [3] - Upbeat changes in estimates suggest a favorable outlook on the company's business health and profitability [3] Valuation Metrics - Quanta Services has a Forward P/E ratio of 30.5, which is a premium compared to the average Forward P/E of 19.48 for its industry [6] - The Engineering - R and D Services industry, part of the Construction sector, currently holds a Zacks Industry Rank of 139, placing it in the bottom 45% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Quanta Services currently holds a Zacks Rank of 2 (Buy) [5] - The Zacks Consensus EPS estimate has remained stagnant over the past month, suggesting stability in expectations [5]

Group 1: Industry Overview - The transition to lower-carbon energy requires an estimated $3 trillion in annual investments through the end of the decade to achieve net zero carbon emissions [1] - The U.S. is expected to deploy 375-450 gigawatts (GW) of new renewable and storage capacity over the next seven years, which is three times the capacity deployed in the previous seven years [3] Group 2: Company Profile - Quanta Services - Quanta Services derives approximately 75% of its revenues from utilities and renewable energy developers, positioning it well to capitalize on the growing infrastructure market related to energy transition [2] - The company provides specialized infrastructure solutions across various sectors, including utilities, renewable energy, technology, communications, and pipelines, serving major clients like Duke Energy and NextEra Energy [9] Group 3: Financial Performance - Quanta Services reported a revenue increase from $5.6 billion to $6.5 billion and adjusted earnings per share rose from $2.24 to $2.72 in the third quarter, alongside generating $539.5 million in cash flow [5] - The company ended the third quarter with a record backlog of $34 billion in projects, indicating strong future growth potential [12] Group 4: Strategic Initiatives - Quanta Services has made several acquisitions and investments to enhance its capabilities, including acquiring Cupertino Electric and investing in Hybar [6] - The company is focused on organic growth through capital reinvestment, which is expected to drive solid revenue and earnings growth over the long term [13] Group 5: Market Outlook - The ongoing investment in lower-carbon energy infrastructure is expected to drive continued healthy growth for Quanta Services, making it a compelling investment opportunity in this megatrend [14]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Quanta Services (PWR) .Quanta Services currently has an average brokerage recommendation (ABR) ...