Key Takeaways PWR's Q2 revenue rose 21.1% to $6.77B, topping estimates and marking a new quarterly record.Earnings surged 30.5% to $2.48 per share, aided by scale, operating leverage, and acquisitions.Quanta raised its 2025 revenue and EPS guidance following robust results and recent deal activity.Quanta Services, Inc. (PWR) posted a robust second-quarter 2025 performance, highlighted by double-digit revenue growth, margin expansion, and strategic capital deployment. The results reflect strong demand for ut ...

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]

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].