Core Insights - Quanta Services reported revenue of $5.59 billion for the quarter ended June 2024, reflecting a year-over-year increase of 10.8% and a surprise of +1.51% over the Zacks Consensus Estimate of $5.51 billion [1] - The earnings per share (EPS) for the quarter was $1.90, which is an increase from $1.65 in the same quarter last year, although it fell short of the consensus estimate of $1.93 by -1.55% [1] Revenue Breakdown - Electric Power Infrastructure Solutions generated revenues of $2.45 billion, which is below the average estimate of $2.64 billion, representing a year-over-year increase of +1.5% [4] - Underground Utility and Infrastructure Solutions reported revenues of $1.11 billion, slightly below the average estimate of $1.13 billion, showing a year-over-year decline of -11% [5] - Renewable Energy Infrastructure Solutions achieved revenues of $2.03 billion, exceeding the average estimate of $1.75 billion, marking a significant year-over-year increase of +46.4% [6] Operating Income Analysis - Operating income for Electric Power Infrastructure Solutions was $263.86 million, slightly below the average estimate of $267.88 million [6] - Operating income for Underground Utility and Infrastructure Solutions was $81.59 million, which also fell short of the average estimate of $93.01 million [6] - The operating loss for Corporate and non-allocated costs was -$200.94 million, worse than the estimated loss of -$174.27 million [7] - Operating income for Renewable Energy Infrastructure Solutions was $162.72 million, surpassing the average estimate of $132.08 million [7] Market Performance - Quanta Services' shares have returned +4.2% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [7]

Quanta Services (PWR) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.55%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $1.26 per share when it actually produced earnings of $1.41, delivering a surprise of 11 ...

Second Quarter Consolidated Revenues of $5.59 Billion* Second Quarter GAAP Diluted EPS of $1.26* and Adjusted Diluted EPS of $1.90* Net Income Attributable to Common Stock of $188.2 Million* and Adjusted EBITDA of $523.2 Million* Year-to-Date Cash Flow From Operations of $629.3 Million and Free Cash Flow of $439.8 Million Remaining Performance Obligations of $14.4 Billion* and Total Backlog of $31.3 Billion* Updating Full-Year 2024 Financial Expectations for the Expected Contribution of Cupertino Electric * ...

Quanta Services, Inc. (PWR) is scheduled to report second-quarter 2024 results on Aug 1, before the opening bell. In the last reported quarter, the company's adjusted earnings per share (EPS) and revenues surpassed the Zacks Consensus Estimate by 11.9% and 1.5%, respectively. On a year-over-year basis, total revenues increased 13.6%, and EPS grew 13.7%. Encouragingly, earnings topped analysts' expectations in 19 of the trailing 20 quarters. Trend in Estimate Revision The Zacks Consensus Estimate for second- ...

Wall Street analysts expect Quanta Services (PWR) to post quarterly earnings of $1.93 per share in its upcoming report, which indicates a year-over-year increase of 17%. Revenues are expected to be $5.51 billion, up 9.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's ...

The most recent trading session ended with Quanta Services (PWR) standing at $264.46, reflecting a -1.21% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.06%. The specialty contractor for utility and energy companies's shares have seen a decrease of 2.38% over the last month, not keeping up with the Construction sector's gain of 7.48% and the S&P 500's gain of 1.96%. The investment communi ...

What: Quanta Services Second Quarter 2024 Earnings Conference Call When:Thursday, August 1, 2024 – 9:00 a.m. Eastern time How: Live via phone – By dialing (201) 689-8345 or (877) 407-8291 and asking for the Quanta Services Second Quarter 2024 Earnings Conference Call at least 10 minutes prior to the start time. Live via webcast – By logging on to the website through the Investor Relations section of Quanta's website (http://investors.quantaservices.com) For those who cannot participate live, an archive of t ...

The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. It is anticipated that the company will report an EPS of $1.95, marking a 18.18% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.52 billion, indicating a 9.43% increase compared to the same quarter of the previous year. In the latest trading session, Quanta Services (PWR) closed at $254.66, marking a +0. ...

Core Insights - Captiva Verde Wellness Corp. is making significant strides in the professional Padel sports market through its Miami Padel Club, aiming for a billion-dollar league valuation [4][17]. Company Updates - Tommy Sullivan and Chris Harvey have joined the advisory board to help secure partnerships with major league sports teams for the Miami Padel Club [2]. - The Miami Padel Club is wholly owned by Captiva Verde, which believes that ownership will lead to substantial revenue through gameplay, sponsorships, and broadcasting [4][17]. - The company has accepted the resignation of Ronnie Strasser as a director, acknowledging his contributions to the ownership of the Miami Padel Club [11]. Industry Insights - Padel is experiencing rapid growth, with over 25 million active players globally and a market value of approximately €2 billion annually [3][17]. - The Pro Padel League, North America's first Padel tour, features over 50 of the top 70 ranked players and has franchise locations in major cities [5]. - The Miami Padel Club won the first week of the Pro Padel League Championships, showcasing its competitive strength [13]. Market Potential - Captiva Verde plans to convert Padel players into shareholders of the Miami Padel Club, allowing them to participate in the financial success of the sport [18]. - The league has a strong social media presence with over 100 million followers across various platforms, enhancing its marketing potential [8].

Shares of the specialty contractor for utility and energy companies have depreciated by 4.1% over the course of the past month, outperforming the Construction sector's loss of 5% and lagging the S&P 500's gain of 3.38%. For the full year, the Zacks Consensus Estimates project earnings of $8.44 per share and a revenue of $22.65 billion, demonstrating changes of +17.88% and +8.48%, respectively, from the preceding year. Empirical research indicates that these revisions in estimates have a direct correlation w ...