Quanta Services Q2 Adj. EPS $1.65 Misses $1.67 Estimate, Sales $5.05B Beat $4.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Quanta Services (NYSE:PWR) reported Q2 adjusted earnings of $1.66 per share, missing the analyst consensus estimate of $1.67 by 0.6 percent. However, the company's quarterly sales of $5.05 billion beat the estimate of $4.69 billion by 7.65 percent.
August 04, 2023 | 12:54 pm
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NEUTRAL IMPACT
Quanta Services' Q2 earnings slightly missed estimates but sales outperformed, indicating mixed financial performance.
Quanta Services' earnings miss could negatively impact the stock price, but the sales beat might offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100