Quanta Services, Inc. (NYSE:PWR) specialty contracting services provider, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.09 per share.
For the full year, analysts predict revenues of $ 11223.00 million, while looking forward to income of $ 3.35 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 12,200.00 million ~ $ 12,600.00 million, where as bottomline are predicted in a range of $ 3.62 ~ $ 4.02 per share
Click Here For More Historical Outlooks Of Quanta Services, Inc.
Previous Quarter Performance
Quanta Services, Inc. recorded income for the second quarter of $ 0.74 per share, from the revenue of $ 2,506.00 million. The quarterly earnings dropped 12.94 percent while revenues fell 11.73 percent compared with the same quarter last year.
Street analysts expected Quanta Services, Inc. to report income of $ 0.48 per share on revenue of $ 2514.15 million for the second quarter. The bottom line results beat street analysts by $ 0.26 or 54.17 percent, at the same time, top line results fell short of analysts by $ 8.15 million or 0.32 percent.
Stock Performance
Shares of Quanta Services, Inc. traded up $ 0.11 or 0.18 percent on Wednesday, reaching $ 60.88 with volume of 1.98 million shares. Quanta Services, Inc. has traded high as $ 61.31 and has cracked $ 58.93 on the downward trend
According to the previous trading day, closing price of $ 60.88, representing a 155.66 % increase from the 52 week low of $ 23.77 and a 5.25 % decrease over the 52 week high of $ 64.14.
The company has a market capital of $ 8.46 billion and is part of the Industrials sector and Engineering & Construction industry.
Conference Call
Quanta Services, Inc. will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.quantaservices.com
Quanta Services, Inc. provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
