Compared to Estimates, Quanta Services (PWR) Q1 Earnings: A Look at Key Metrics

Core Insights - Quanta Services reported a revenue of $6.23 billion for the quarter ended March 2025, marking a year-over-year increase of 23.9% and an EPS of $1.78, up from $1.41 a year ago, with revenue exceeding Zacks Consensus Estimate by 6.11% and EPS by 7.23% [1] Financial Performance - Total backlog reached $35.25 billion, surpassing the average estimate of $34.19 billion [4] - Backlog for Underground Utility and Infrastructure Solutions was $5.55 billion, slightly below the average estimate of $5.67 billion [4] - Backlog for Electric Power Infrastructure Solutions stood at $29.70 billion, exceeding the average estimate of $28.52 billion [4] - Revenues from Underground Utility and Infrastructure Solutions were $1.29 billion, above the six-analyst average estimate of $1.19 billion, reflecting a year-over-year change of +15% [4] - Revenues from Electric Power Infrastructure Solutions were $4.94 billion, exceeding the estimated $4.69 billion and representing a significant year-over-year increase of +112.5% [4] Operating Income - Operating income for Underground Utility and Infrastructure Solutions was $76.87 million, compared to the estimated $63.10 million [4] - Operating income for Electric Power Infrastructure Solutions was $408.16 million, above the average estimate of $391.20 million [4] - Corporate and non-allocated costs reported an operating loss of -$245.95 million, slightly worse than the average estimate of -$237.67 million [4] Stock Performance - Quanta Services shares returned +10.6% over the past month, contrasting with the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]