Quanta Services Q3 2024 Adj EPS $2.72 Beats $2.69 Estimate, Sales $6.49B Miss $6.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Quanta Services reported Q3 2024 earnings per share of $2.72, surpassing the analyst estimate of $2.69, marking a 21.43% increase from last year. However, sales were $6.49 billion, missing the $6.57 billion estimate, though up 15.51% from last year.
October 31, 2024 | 10:56 am
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POSITIVE IMPACT
Quanta Services' Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
The positive earnings surprise is likely to have a favorable impact on the stock price, as EPS exceeded expectations and showed strong growth. The sales miss is a slight negative, but the overall year-over-year growth in both earnings and sales suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100