Quanta Services Q4 Earnings Exceed Expectations

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 1 hour ago

0mins

PWR-1.11%

Should l Buy PWR?

Source: seekingalpha

Earnings Beat: Quanta Services reported a Q4 non-GAAP EPS of $3.16, surpassing expectations by $0.14, which reflects the company's robust performance and boosts investor confidence.
Significant Revenue Growth: The company achieved Q4 revenue of $7.84 billion, a 19.7% year-over-year increase, exceeding market expectations by $470 million, indicating strong competitiveness and sustained market demand.
Optimistic Future Outlook: Quanta expects revenues for 2026 to range between $33.25 billion and $33.75 billion, significantly above the $31.49 billion consensus, demonstrating confidence in future growth prospects.
Strong Cash Flow Projections: The anticipated free cash flow for 2026 is projected to be between $1.55 billion and $2.05 billion, further solidifying the company's financial health and supporting future investments and expansions.

Trade with 70% Backtested Accuracy

Stop guessing "Should I Buy PWR?" and start using high-conviction signals backed by rigorous historical data.

Analyst Views on PWR

Wall Street analysts forecast PWR stock price to fall

17 Analyst Rating

12 Buy

5 Hold

0 Sell

Moderate Buy

Current: 525.130

Low

424.00

Averages

487.00

High

540.00

Current: 525.130

Low

424.00

Averages

487.00

High

540.00

Stifel

Buy

maintain

$495 -> $517

2026-01-26

Reason

Stifel

Price Target

$495 -> $517

AI Analysis

2026-01-26

maintain

Buy

Reason

Stifel raised the firm's price target on Quanta Services to $517 from $495 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.

Citi

Buy

maintain

$526 -> $540

2026-01-26

Reason

Citi

Price Target

$526 -> $540

2026-01-26

maintain

Buy

Reason

Citi raised the firm's price target on Quanta Services to $540 from $526 and keeps a Buy rating on the shares. The firm adjusted targets in the engineering and construction space ahead of the Q4 reports. Most in the group should report solid Q4 results with initial 2026 outlooks inline with consensus expectations, the analyst tells investors in a research note. Citi continues to preview companies with exposure to growing data center spending.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for PWR

Unlock Now

About PWR

Quanta Services, Inc. provides specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline, and energy industries in the United States, Canada, Australia and other international markets. Its segments include Electric Infrastructure Solutions (Electric) and Underground Utility and Infrastructure Solutions (Underground and Infrastructure). Electric provides comprehensive services for electric power, renewable energy, technology and communications markets. Services include design, procurement, new construction, upgrade and repair and maintenance services for electric power transmission and distribution infrastructure, both overhead and underground, and substation facilities, along with other engineering and technical services. The Underground and Infrastructure provides comprehensive infrastructure solutions to customers involved in the transportation, distribution, storage, development and processing of natural gas, oil and other products.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Quanta Services to Announce Q4 Earnings on February 19

21 hours agoseekingalpha

Earnings Announcement: Quanta Services is set to announce its Q4 earnings on February 19 before market open, with a consensus EPS estimate of $3.02, reflecting a 2.7% year-over-year increase, which could further solidify its profitability in the industry.
Revenue Growth Expectations: The anticipated revenue for Q4 is $7.37 billion, representing a 12.5% year-over-year growth, indicating the company's sustained growth potential amid strong market demand, likely attracting more investor interest.
Performance Beat Record: Over the past two years, Quanta Services has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing its exceptional capabilities in financial management and market forecasting.
Analyst Rating Upgrade: Recently, Quanta Services was upgraded to a “Buy” rating by Seaport and identified as a top large-cap power stock pick for 2026, reflecting market optimism regarding its future growth prospects.

Quanta Services Projects Strong 2026 Financial Growth

51 minutes agoPRnewswire

Revenue Growth Outlook: Quanta Services anticipates revenues for 2026 to range between $33.25 billion and $33.75 billion, representing over 16% growth from $28.48 billion in 2025, highlighting strong demand and market expansion in the electric infrastructure sector.
Net Income and EPS Projections: The company expects net income to fall between $1.27 billion and $1.38 billion for 2026, with earnings per share projected between $8.36 and $9.06, reflecting ongoing improvements in profitability and shareholder returns.
Robust Backlog: Quanta's backlog reached a record $44 billion by the end of 2025, indicating sustained growth potential in the electric and infrastructure sectors, positioning the company to effectively meet future market demands.
Acquisition Strategy: In 2025, Quanta completed acquisitions of three electrical infrastructure companies for approximately $1.73 billion, which not only strengthens its market position but also lays the groundwork for future revenue growth.