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Barchart
Barchart
Kritika Sarmah

Here's What to Expect From Quanta's Next Earnings Report

Quanta PWR

With a market cap of $39.6 billion, Quanta Services, Inc. (PWR) offers infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries in the United States, Canada, Australia, and internationally. Headquartered in Houston, Texas, the company is expected to report its Q1 earnings on Thursday, May 1, before the market opens.

Ahead of the event, analysts expect PWR to report a profit of $1.47 per share, up 19.5% from a profit of $1.23 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in three of the past four quarters, while only missing on one occasion. In the previous quarter, it reported an EPS of $2.74, which surpassed the consensus estimate by 11.8%, driven by portfolio strength, execution discipline, and customer-focused approach.

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