Unlocking Q1 Potential of Quanta Services (PWR): Exploring Wall Street Estimates for Key Metrics

Core Insights - Quanta Services (PWR) is expected to report quarterly earnings of $1.67 per share, reflecting an 18.4% increase year-over-year, with revenues projected at $5.88 billion, a 16.8% increase from the previous year [1][2]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.6% over the past 30 days, indicating analysts' positive reassessment of the company's performance [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast revenues from 'Underground Utility and Infrastructure Solutions' to reach $1.19 billion, marking a year-over-year increase of 6.1% [5]. - 'Electric Power Infrastructure Solutions' revenues are expected to be $4.69 billion, representing a significant year-over-year increase of 101.6% [5]. Backlog Estimates - Total backlog is projected to reach $34.19 billion, up from $29.90 billion year-over-year [5]. - 'Backlog - Underground Utility and Infrastructure Solutions' is estimated at $5.67 billion, down from $6.10 billion year-over-year [6]. - 'Backlog - Electric Power Infrastructure Solutions' is expected to be $28.52 billion, a substantial increase from $15.34 billion year-over-year [6]. Operating Income Projections - 'Operating income (loss) - Underground Utility and Infrastructure Solutions' is projected at $63.10 million, compared to $46.89 million in the same quarter last year [7]. - 'Operating income (loss) - Electric Power Infrastructure Solutions' is expected to reach $391.20 million, up from $228.03 million in the same quarter of the previous year [7]. Stock Performance - Quanta Services shares have increased by 13% over the past month, contrasting with the Zacks S&P 500 composite's decline of 4.3% [8]. - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [8].