Quanta Services projects FY 2024 EPS of $8.50-$8.80, slightly below estimates, after strong Q3 results.

Quanta Services (NYSE:PWR) updated its FY 2024 earnings guidance, projecting an EPS of $8.50 to $8.80, slightly below the consensus estimate of $8.63. The company reported third-quarter earnings of $2.72 per share, exceeding expectations, with revenue of $6.49 billion, a 15.5% year-over-year increase. Following the earnings release, its stock fell to about $303.54. Quanta's market cap is approximately $44.72 billion, with a dividend yield of 0.12%.

October 31, 2024
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