$2.34 Billion in Sales Expected for Quanta Services Inc (PWR) This Quarter
Analysts expect Quanta Services Inc (NYSE:PWR) to post sales of $2.34 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Quanta Services’ earnings, with the lowest sales estimate coming in at $2.30 billion and the highest estimate coming in at $2.44 billion. Quanta Services posted sales of $2.10 billion during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The business is expected to report its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Quanta Services will report full year sales of $2.34 billion for the current year, with estimates ranging from $9.29 billion to $9.43 billion. For the next fiscal year, analysts forecast that the business will report sales of $10.03 billion per share, with estimates ranging from $9.87 billion to $10.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Quanta Services.
PWR has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Quanta Services in a report on Thursday, December 14th. KeyCorp reiterated a “buy” rating and issued a $46.00 price objective on shares of Quanta Services in a report on Wednesday, November 29th. B. Riley lifted their price objective on shares of Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Citigroup lifted their price objective on shares of Quanta Services from $47.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Stephens reiterated a “buy” rating and issued a $49.00 price objective on shares of Quanta Services in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Quanta Services has a consensus rating of “Buy” and an average target price of $45.33.
Shares of Quanta Services (NYSE:PWR) opened at $33.72 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services has a fifty-two week low of $30.23 and a fifty-two week high of $40.10. The stock has a market cap of $5,260.00, a P/E ratio of 18.23, a PEG ratio of 1.72 and a beta of 0.79.
ILLEGAL ACTIVITY WARNING: “$2.34 Billion in Sales Expected for Quanta Services Inc (PWR) This Quarter” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://theolympiareport.com/2018/02/14/2-34-billion-in-sales-expected-for-quanta-services-inc-pwr-this-quarter.html.
About Quanta Services
Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.