Quanta Services (PWR) Beats Q4 Earnings and Revenue Estimates

Core Viewpoint - Quanta Services reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][3]. Earnings Performance - The company achieved earnings of $3.16 per share, surpassing the Zacks Consensus Estimate of $3 per share, and up from $2.94 per share a year ago, representing a +5.40% earnings surprise [1][2]. - Over the last four quarters, Quanta Services has consistently exceeded consensus EPS estimates [2]. Revenue Performance - Quanta Services reported revenues of $7.84 billion for the quarter, exceeding the Zacks Consensus Estimate by 7.78%, and up from $6.55 billion in the same quarter last year [3]. - The company has also topped consensus revenue estimates in each of the last four quarters [3]. Stock Performance - Quanta Services shares have increased approximately 23% since the beginning of the year, significantly outperforming the S&P 500, which gained only 0.5% [4]. Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [4][5]. - Current consensus EPS estimates for the upcoming quarter stand at $2.21 on revenues of $7.02 billion, and for the current fiscal year at $12.42 on revenues of $30.84 billion [8]. Industry Context - Quanta Services operates within the Zacks Engineering - R and D Services industry, which is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable industry outlook [9].