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) ...

Core Viewpoint - Captiva Verde Wellness Corp. has announced an increase in its private placement from 150 million units to 160 million units, aiming to raise up to C$3.2 million for general working capital and sustainable real estate projects [1] Group 1: Private Placement Details - The private placement will consist of 160 million units priced at C$0.02 per unit, with each unit comprising one common share and one common share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at an exercise price of C$0.05 for three years [1] - The company has already received funds for 10 million units and will close this first tranche, with the second tranche of 150 million units expected to close within 45 days [1] Group 2: Option Agreement - Under an Option Agreement, the Strasser Group has granted the company the option to identify purchasers of up to 37 million common shares at a price of C$0.02 per share [4] - The option can be exercised in three tranches, with 12.3 million shares already purchased on October 31, 2024, and the second tranche to be funded this week [4]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Group 1 - Quanta Services, Inc. will participate in two institutional investor conferences in Q4 2024: the Baird Global Industrial Conference on Nov. 13 and the UBS Global Industrials and Transportation Conference on Dec. 3 [1][2][3] - CEO Duke Austin and CFO Jayshree Desai will meet with institutional investors and participate in fireside chats at both conferences, with the Baird chat being exclusive to Baird's clients and the UBS chat being broadcast live [2][3] - Quanta Services is recognized as a leader in providing specialized infrastructure solutions across various industries, including utility, renewable energy, technology, communications, pipeline, and energy [4] Group 2 - The company offers a comprehensive range of services, including designing, installing, repairing, and maintaining energy and communications infrastructure [4] - Quanta operates in the United States, Canada, Australia, and select international markets, demonstrating its capability to handle projects of varying scopes [4]

Financial Data and Key Metrics Changes - Quanta reported third quarter revenues of $6.5 billion, net income attributable to common stock of $293.2 million, or $1.95 per diluted share, and adjusted diluted earnings per share of $2.72 [18] - Adjusted EBITDA was $682.8 million, representing 10.5% of revenues [18] - The company generated cash flow from operations of $739.9 million and free cash flow of $539.5 million during the quarter [19] - The total backlog reached a record $34 billion [12] Business Line Data and Key Metrics Changes - The renewable segment showed improved margins, with expectations for double-digit margins in the future [30][32] - The traditional Transmission and Distribution (T&D) business experienced organic growth of 5% in the third quarter, with double-digit growth forecasted for the year [34] - The Cupertino Electric acquisition is expected to enhance capabilities and provide synergies, particularly in the data center business [31] Market Data and Key Metrics Changes - Utilities across the U.S. are forecasting significant increases in power demand, driven by new technologies and infrastructure needs [13] - The company noted record levels of bids and proposals for renewable transmission projects, indicating strong market demand [25][26] Company Strategy and Development Direction - Quanta is focusing on infrastructure investment, with a diverse service line creating platforms for growth and expanding the total addressable market [16] - The integration of Cupertino Electric is progressing well, enhancing the company's capabilities in critical path electric infrastructure solutions [14] - The company aims to maintain a leverage profile below two times by year-end and expects record levels of free cash flow [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's execution of its strategic plan and highlighted the favorable end market trends [15] - The company anticipates continued strength in the coming years, with expectations for adjusted EPS to grow approximately 20% year-over-year [15] - Management acknowledged the challenges posed by supply chain constraints but emphasized the company's proactive measures to mitigate risks [23][24] Other Important Information - Quanta's employee relief fund, Quanta Cares, provided support to approximately 125 employees affected by recent hurricanes [11] - The company is actively involved in community support during natural disasters, leveraging resources to assist in recovery efforts [10] Q&A Session Summary Question: Transformer manufacturing capability acquisition - Management confirmed the acquisition of a small transformer manufacturing company in New York, which will help address supply chain constraints and enhance internal capabilities [23] Question: Renewable transmission projects visibility - Management indicated record levels of bids and proposals for renewable transmission projects, with expectations for continued growth in this area [25] Question: Renewable margins and future expectations - Management expressed optimism about achieving double-digit margins in the renewable segment over time, with a stronger performance expected in the second half of the year [30][32] Question: Cupertino business performance - The Cupertino acquisition is performing at the high end of revenue expectations, with synergies expected to materialize in the coming years [29][32] Question: Organic growth and backlog - Management noted that organic growth in the T&D business is expected to be in the upper single digits going forward, with a strong backlog supporting this growth [34] Question: Labor and supply chain challenges - Management acknowledged ongoing labor and supply chain challenges but emphasized the company's ability to manage these risks effectively [110] Question: Grid hardening demand - Management confirmed an increase in demand for grid hardening services due to recent severe weather events, with multi-year programs being implemented [60][61] Question: MSA renewal process - Management indicated that MSAs are becoming more collaborative, with longer-term contracts being negotiated to ensure resource availability [64] Question: Future large project opportunities - Management expressed confidence in the pipeline of large projects, with substantial demand expected in the coming years [90]

Quanta Services (PWR) reported $6.49 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 15.5%. EPS of $2.72 for the same period compares to $2.24 a year ago.The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $6.55 billion. With the consensus EPS estimate being $2.66, the EPS surprise was +2.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...