Quanta Expects Full Year 2024 Revenues To Range Between $22.5B-$23.0B Vs. $22.59B Estimate; Sees Adjusted Diluted Earnings Per Share To Range Between $8.15-$8.65 Vs. $8.35 Estimate
Portfolio Pulse from Benzinga Newsdesk
Quanta projects its full-year 2024 revenues to be between $22.5 billion and $23.0 billion, compared to the $22.59 billion estimate. It also forecasts adjusted diluted earnings per share (EPS) to range from $8.15 to $8.65, versus the $8.35 estimate.
May 02, 2024 | 11:28 am
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Quanta (PWR) anticipates 2024 revenues to be between $22.5B-$23.0B and adjusted EPS between $8.15-$8.65, aligning closely with market estimates.
Quanta's revenue and EPS forecasts for 2024 are slightly above and around the market estimates, respectively. This indicates a positive outlook for the company's financial performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100