Quanta Services(US:PWR) ZACKSยท2024-10-28 14:21Core Insights - Analysts expect Quanta Services (PWR) to report quarterly earnings of $2.66 per share, reflecting an 18.8% year-over-year increase, with revenues projected at $6.55 billion, up 16.6% from the previous year [1] Revenue Projections - Revenue from Electric Power Infrastructure Solutions is estimated at $3.01 billion, indicating a 20.9% increase from the year-ago quarter [4] - Revenue from Renewable Energy Infrastructure Solutions is projected to reach $2.27 billion, representing a 30.2% increase from the prior year [4] - Revenue from Underground Utility and Infrastructure Solutions is expected to be $1.30 billion, showing a decline of 5.8% from the previous year [5] Backlog Estimates - Total backlog is anticipated to be $32.37 billion, up from $30.10 billion reported in the same quarter last year [5] - Backlog for Underground Utility and Infrastructure Solutions is projected at $6.45 billion, down from $6.76 billion year-over-year [6] - Backlog for Electric Power Infrastructure Solutions is expected to reach $18.55 billion, compared to $15.42 billion reported in the same quarter last year [6] Operating Income Forecasts - Operating income for Electric Power Infrastructure Solutions is expected to be $365.07 million, up from $296.18 million year-over-year [7] - Operating income for Underground Utility and Infrastructure Solutions is projected at $107.53 million, down from $123.76 million in the previous year [7] - Operating income for Renewable Energy Infrastructure Solutions is forecasted to be $220.69 million, compared to $151.39 million reported last year [8] Market Performance - Quanta Services shares have increased by 3.9% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 2% [8]