Quanta Services Revises FY24 Revenues Outlook From $23.5B - $24.1B To $23.5B - $23.9B (Est $23.845B), Adjusted EPS Outlook From $8.32 - $8.87 To $8.50 - $8.80 (Est $8.63)
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Quanta Services has revised its FY24 revenue outlook to $23.5B - $23.9B from the previous $23.5B - $24.1B, and adjusted EPS outlook to $8.50 - $8.80 from $8.32 - $8.87.
October 31, 2024 | 11:00 am
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Quanta Services has adjusted its FY24 revenue and EPS outlook. The revenue range is now $23.5B-$23.9B, slightly below the previous upper range, while EPS is adjusted to $8.50-$8.80, indicating a more focused earnings expectation.
The revision in revenue and EPS outlooks suggests a more conservative approach by Quanta Services. The revenue range is slightly narrowed, and the EPS range is adjusted upwards at the lower end, which may indicate stable but cautious growth expectations. This could lead to a neutral short-term impact on the stock price as the changes are not drastic.
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