Will Quanta Services (PWR) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Quanta Services (PWR) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend of surpassing expectations in recent quarters [1][6]. Earnings Performance - Quanta Services has consistently exceeded earnings estimates, averaging a 9.30% beat over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $1.66 per share against an expectation of $1.78, resulting in a surprise of 7.23%. In the previous quarter, it reported $2.94 per share compared to an estimate of $2.64, achieving a surprise of 11.36% [3]. Earnings Estimates and Predictions - Recent estimates for Quanta Services have been revised upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6][9]. - The current Earnings ESP for Quanta Services is +0.24%, suggesting analysts are optimistic about the company's earnings prospects [9]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that Quanta Services has a high probability of beating consensus estimates, with historical data indicating a nearly 70% success rate for stocks with this combination [7][9].