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Barchart
Kritika Sarmah

Quanta Services's Quarterly Earnings Preview: What You Need to Know

Quanta PWR

Quanta Services, Inc. (PWR), headquartered in Houston, Texas, delivers infrastructure solutions across electric and gas utilities, renewable energy, communications, and the pipeline and energy sectors. With a market capitalization of $44.9 billion, Quanta also specializes in installing transportation control and lighting systems, while offering electric power and communication services tailored to industrial and commercial clients. The specialty contractor for utility and energy companies is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Thursday, Oct. 31.

Ahead of the event, analysts expect PWR to report a profit of $2.46 per share on a diluted basis, up 18.3% from $2.08 per share in the year-ago quarter. The company exceeded the consensus estimates in three of the last four quarters while missing on another occasion. 

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