Core Insights - Quanta Services, Inc. (PWR) is set to report its Q3 2025 results on October 30, with adjusted earnings and revenues expected to show significant year-over-year growth [1][2] Financial Performance - In the last reported quarter, Quanta's adjusted earnings and revenues exceeded the Zacks Consensus Estimate by 2.1% and 3.3%, respectively, with year-over-year growth of 30.5% in earnings and 21.1% in revenues [1] - The consensus estimate for Q3 adjusted EPS is $3.25, reflecting a 19.5% increase from the previous year's EPS of $2.72, while revenues are projected at $7.44 billion, indicating a 14.6% year-over-year growth [2][7] Revenue Drivers - Quanta's Q3 performance is anticipated to be driven by strong execution in core businesses, robust end-market demand, and ongoing strategic growth initiatives [3] - Favorable industry trends and increased infrastructure spending, particularly in electric grid modernization and renewable energy projects, are expected to support revenue growth [4] Segment Performance - The Electric Infrastructure Solutions segment, which contributed 80.6% of Q2 2025 revenues, is projected to be a key earnings driver, with expected revenue growth of 12.7% year-over-year to $5.9 billion and an operating margin expansion of 40 basis points to 11.4% [5][8] - The Underground Utility & Infrastructure Solutions segment, accounting for 19.4% of Q2 2025 revenues, is also expected to show strong performance, with anticipated revenue growth of 13.2% year-over-year to $1.4 billion and a margin increase of 100 basis points to 8.5% [6][8] Earnings Prediction - The current model indicates that Quanta may not conclusively predict an earnings beat this quarter, with an Earnings ESP of -1.48% [9] - The company holds a Zacks Rank of 2, indicating a "Buy" rating [10]

Core Insights - Quanta Services, Inc. (PWR) demonstrated strong second-quarter 2025 performance with double-digit revenue growth, margin expansion, and strategic capital deployment, driven by demand for utility-scale infrastructure and energy transition projects [1][4] Financial Performance - Quanta's adjusted EPS reached $2.48, reflecting a 30.5% year-over-year increase and surpassing the Zacks Consensus Estimate of $2.43, attributed to revenue scale, operating leverage, and acquisitions [3][9] - The company reported revenues of $6.77 billion, a 21.1% increase year-over-year, exceeding the Zacks Consensus Estimate of $6.55 billion, marking a new second-quarter revenue record [4][9] - Gross margin improved to 14.9% from 14.5%, with adjusted EBITDA growing 27.8% year-over-year to $668.8 million, resulting in an adjusted EBITDA margin of 9.9% [5][6] Strategic Acquisitions - Quanta completed a $1.35 billion acquisition of Dynamic Systems in July, enhancing its mechanical and process infrastructure capabilities, along with two smaller acquisitions totaling $226.8 million [2] Backlog and Project Wins - The company ended the second quarter with a record backlog of $35.84 billion, up from $31.31 billion a year ago, indicating strong demand visibility [7] - Quanta was selected for a significant high-voltage transmission line project for Idaho Power, further solidifying its project pipeline [7] Segment Performance - Electric Infrastructure Solutions, accounting for 80.6% of total revenue, generated $5.46 billion, up 21.7% year-over-year, with an operating margin of 10.1% [8] - Underground and Infrastructure Solutions contributed $1.31 billion in revenues, an 18.7% increase year-over-year, with a segment margin of 6.9% [10] Balance Sheet and Liquidity - As of June 30, 2025, Quanta held $509 million in cash and cash equivalents, with total liquidity of approximately $1.3 billion, and long-term debt increased to $4.65 billion [11] Outlook - Quanta raised its full-year 2025 revenue guidance to between $27.4 billion and $27.9 billion, and adjusted EPS expectations to a range of $10.28 to $10.88, reflecting confidence in continued growth [12]

Core Insights - Quanta Services, Inc. (PWR) is set to report its Q2 2025 results on July 31, with expectations of strong earnings and revenue growth compared to the previous year [1][2] Revenue Expectations - The Zacks Consensus Estimate for Q2 adjusted earnings per share (EPS) is $2.43, reflecting a 27.9% increase from the previous year's EPS of $1.90 [2] - Revenue is projected at $6.55 billion, indicating a year-over-year growth of 17.2% [2][7] - Growth is attributed to favorable market trends in infrastructure demand, particularly in electric grids, power generation, AI solutions, and data centers [3][7] Segment Performance - The Electric Infrastructure Solutions segment is expected to contribute significantly, with revenues anticipated to rise by 16.9% to $5.24 billion, accounting for 79.3% of total revenues [4][5] - The Underground Utility and Infrastructure Solutions segment is projected to see a revenue increase of 16.4% to $1.29 billion, maintaining its contribution at 20.7% [4][5] Margin Analysis - Operating margins for the Electric Infrastructure Solutions segment are forecasted to reach nearly 10%, up from 9.5% in the previous year [6][8] - Overall operating margin is expected to expand by 70 basis points to 6.2%, with adjusted EBITDA margin anticipated to grow by 50 basis points to 9.9% [7][8] Earnings Prediction - The model indicates that Quanta may not conclusively predict an earnings beat this quarter, with an Earnings ESP of -0.18% and a Zacks Rank of 3 [9][10]