Earnings Outlook For Quanta Services
Portfolio Pulse from Benzinga Insights
Quanta Services (NYSE:PWR) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $1.98. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on the actual EPS and guidance provided. Shares have risen 31.06% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 21, 2024 | 2:01 pm
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POSITIVE IMPACT
Quanta Services is expected to report an EPS of $1.98 for the upcoming quarter. Historical performance indicates that both the actual EPS and the provided guidance significantly influence the stock price. With a 31.06% increase in share price over the last year, investor sentiment is positive.
Given the positive long-term shareholder sentiment and the company's history of fluctuating stock prices post-earnings, the anticipation of beating the EPS estimate and providing favorable guidance could lead to a short-term positive impact on PWR's stock price. However, the mixed historical price reactions post-earnings highlight the importance of not just the EPS beat but also the forward-looking statements made by the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100