Quanta Services (NYSE:PWR) Issues FY 2026 Earnings Guidance

Quanta Services (NYSE:PWR) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 16.450-16.950 for the period, compared to the consensus estimate of 13.780. The company issued revenue guidance of $39.3 billion-$39.7 billion, compared to the consensus revenue estimate of $35.0 billion.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of Quanta Services in a report on Friday. TD Cowen raised their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target for the company in a research note on Friday. Finally, CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective for the company. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $746.78.

Quanta Services Price Performance

Shares of NYSE PWR traded up $16.37 during midday trading on Friday, reaching $674.35. 996,367 shares of the company were exchanged, compared to its average volume of 1,177,774. Quanta Services has a one year low of $363.01 and a one year high of $788.75. The stock has a market cap of $101.19 billion, a P/E ratio of 92.51, a PEG ratio of 2.21 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $681.24 and its 200-day moving average price is $611.83.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter last year, the business posted $2.48 EPS. Quanta Services’s revenue for the quarter was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, sell-side analysts anticipate that Quanta Services will post 12.8 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.

Quanta Services announced that its board has authorized a share buyback plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Trending Headlines about Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quarterly results significantly exceeded expectations. Quanta reported adjusted diluted EPS of $4.24, versus consensus estimates near $3.29-$3.31, while revenue reached $9.56 billion compared with expectations of approximately $8.61 billion. Revenue rose 41.1% year over year, and adjusted EBITDA reached $1.1 billion. Quanta Services Reports Second Quarter 2026 Results
• Positive Sentiment: Backlog provides strong revenue visibility. Total backlog reached a record $53.4 billion, including $33.6 billion in remaining performance obligations. Management cited broad infrastructure demand, electric-sector strength and acquisitions as key growth drivers. Q2 Earnings Call Highlights Growth and Backlog Strength
• Positive Sentiment: 2026 guidance was raised substantially. Quanta now expects full-year revenue of $39.3 billion-$39.7 billion and EPS of $16.45-$16.95, well above prior analyst expectations of roughly $35.0 billion in revenue and $13.78 EPS. The company also generated $1.1 billion of operating cash flow and $0.9 billion of free cash flow in the quarter. Quanta Projects 2026 Revenue as Record Backlog Supports Raised Outlook
• Positive Sentiment: Guggenheim upgraded PWR from “neutral” to “buy” and set an $800 price target. The target suggests analysts see additional upside if Quanta sustains its earnings growth and backlog conversion. Finviz Analyst Upgrade
• Neutral Sentiment: Valuation remains demanding. Based on the provided figures, PWR trades at roughly 92 times earnings and remains below its 52-week high, leaving the stock sensitive to any slowdown in infrastructure spending, acquisition integration or backlog execution.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Quanta Services during the 2nd quarter valued at $26,000. Meeder Asset Management Inc. grew its holdings in shares of Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Quarry LP purchased a new stake in shares of Quanta Services during the fourth quarter worth about $40,000. Kemnay Advisory Services Inc. purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $44,000. Finally, JPL Wealth Management LLC bought a new position in Quanta Services in the 3rd quarter worth $49,000. 90.49% of the stock is owned by institutional investors.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.