Quanta Services Q1 Adj $1.41 Beats $1.29 Estimate, Sales $5.03B Beat $4.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Quanta Services (NYSE:PWR) reported Q1 earnings of $1.41 per share, surpassing the $1.29 estimate, marking a 13.71% increase from last year. Sales reached $5.03B, exceeding the $4.94B estimate, up 13.59% from the previous year.
May 02, 2024 | 10:58 am
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Quanta Services reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $1.41 and sales at $5.03B, indicating strong financial performance.
The positive earnings and sales beat by Quanta Services suggest a strong financial health and operational efficiency, likely leading to increased investor confidence and a potential uptick in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100