Quanta Services Shares Rise After 1Q Earnings, Revenue Beats

Dow Jones

01 May

By Chris Wack

Shares of Quanta Services were 10% higher at $321.24, after the company reported first-quarter earnings that beat analysts' expectations.

The Houston company said it had quarterly earnings of $144.3 million, or 96 cents a share, compared with $118.4 million, or 79 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $133.6 million, or 88 cents a share.

Adjusted earnings were $1.78 a share, compared with the $1.61 analysts had forecast.

Revenue for the quarter was $6.23 billion, compared with last year's $5.03 billion and the $5.86 billion analysts were looking for.

The company said its Electric Infrastructure Solutions and Underground and Infrastructure Solutions segments delivered improved profitability, helping the company to a $35.3 billion backlog.

Quanta said its long-term business outlook is positive, but weather, trade policy and other macroeconomic challenges have impacted, and may impact in the future, its financial results.

For 2025, Quanta said it is expecting revenue of $26.7 billion to $27.2 billion. Analysts are expecting 2025 revenue of $26.88 billion. The company is also expected earnings of $6.90 to $7.50 a share, and adjusted earnings of $10.05 to $10.65 a share. Analysts have forecast 2025 earnings of $7.12 a share, and adjusted earnings of $9.98 a share.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

May 01, 2025 10:11 ET (14:11 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company is also expected earnings of $6.90 to $7.50 a share, and adjusted earnings of $10.05 to $10.65 a share. Analysts have forecast 2025 earnings of $7.12 a share, and adjusted earnings of $9.98 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 10:11 ET (14:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PWR","symbol_name":"广达公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532982005","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532982005","pubTimestamp":1746108660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Quanta Services were 10% higher at $321.24, after the company reported first-quarter earnings that beat analysts' expectations.The Houston company said it had quarterly earnings of $144.3 million, or 96 cents a share, compared with $118.4 million, or 79 cents a share, in the same quarter last year. 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