Quanta Services (NYSE:PWR) Posts Earnings Results, Beats Estimates By $0.14 EPS

Quanta Services (NYSE:PWR) released its quarterly earnings data on Thursday. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14, FiscalAI reports. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 EPS. Quanta Services updated its FY 2026 guidance to 12.650-13.350 EPS.

Here are the key takeaways from Quanta Services’ conference call:

• Record 2025 results: Quanta reported revenue of $28.5 billion (+20%), adjusted EBITDA of $2.9 billion, adjusted diluted EPS of $10.75 (+20%), record operating cash flow of $2.2 billion, free cash flow of $1.7 billion, and year-end backlog of $44 billion.
• Confident 2026 guidance: Management expects continued double‑digit growth in revenue, net income and adjusted EBITDA, the opportunity for >20% adjusted EPS growth, and roughly $1.8 billion free cash flow at the midpoint (including $250–$350 million of capex for vertical supply chain buildout).
• Strategic M&A and hiring: Quanta completed eight acquisitions in 2025 (including Dynamic Systems, Tri‑City Group, and Wilson Construction), added ~11,100 employees to reach ~69,500 headcount, funded ~$1.7 billion of Q4 deals with cash and stock while keeping leverage under 2x.
• Vertical supply‑chain investment: The company plans to invest approximately $500–$700 million over the next several years to build 345–765 kV transformers and breakers to de‑risk supply chains and create differentiated high‑voltage transmission solutions.
• Labor and margin pressures: Management flagged a tight craft labor market—especially in data center work—and expects ~6,000 organic hires in 2026, which could pressure electric infrastructure margins (midpoint guidance ~10.3%) despite ongoing efficiency and vertical integration initiatives.

Quanta Services Stock Up 3.9%

Shares of NYSE:PWR traded up $20.01 during trading on Thursday, reaching $539.32. 708,455 shares of the stock traded hands, compared to its average volume of 1,077,314. The stock has a market cap of $80.42 billion, a P/E ratio of 79.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. Quanta Services has a 52-week low of $227.08 and a 52-week high of $546.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The stock has a 50-day moving average of $460.55 and a two-hundred day moving average of $431.77.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PWR. Mizuho set a $415.00 target price on shares of Quanta Services in a report on Tuesday, October 28th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Roth Mkm set a $500.00 price target on Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and raised their target price for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Finally, The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 24th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $464.15.

Institutional Trading of Quanta Services

A number of large investors have recently made changes to their positions in PWR. Quantum Portfolio Management LLC grew its position in Quanta Services by 2.2% in the fourth quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after acquiring an additional 20 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in Quanta Services by 2.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after purchasing an additional 20 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Quanta Services by 3.0% during the 4th quarter. Great Valley Advisor Group Inc. now owns 828 shares of the construction company’s stock worth $349,000 after buying an additional 24 shares during the period. AlTi Global Inc. lifted its holdings in Quanta Services by 0.6% in the 4th quarter. AlTi Global Inc. now owns 4,477 shares of the construction company’s stock worth $1,890,000 after buying an additional 25 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Quanta Services by 0.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,803 shares of the construction company’s stock valued at $2,027,000 after acquiring an additional 26 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Q4 beat — Adjusted EPS of $3.16 vs. consensus $3.00 and revenue of $7.84B (up ~19.7% YoY), signaling strong demand and execution. Quanta Services (PWR) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Raised FY‑2026 guidance — company now sees EPS $12.65–$13.35 (above consensus) and revenue ~$33.3B–$33.8B, implying double‑digit revenue growth and >20% EPS growth opportunity. QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS
• Positive Sentiment: Record backlog and strong cash generation — year-end total backlog ~$44.0B and RPO ~$23.8B, plus robust free cash flow and adjusted EBITDA, supporting revenue visibility and capital flexibility. Quanta Services Posts Record 2025 Results, Backlog Surges
• Positive Sentiment: Investor narrative shifting toward electric-infrastructure and AI/data‑center exposure — analysts and headlines highlight Quanta as a beneficiary of grid buildout and data‑center demand, supporting multiple expansion expectations. This S&P 500 AI Data Center Play Eyes New Highs On Earnings; 20% Profit Growth Expected
• Neutral Sentiment: Analyst sentiment: the consensus rating is around “Moderate Buy,” reflecting broadly positive but measured broker views. Quanta Services, Inc. (NYSE:PWR) Given Average Rating of “Moderate Buy” by Brokerages
• Negative Sentiment: Execution risks remain — analysts warn margin pressure and project-timing variability can swing quarterly results despite strong backlog; investors should watch margin trends and backlog conversion. Quanta is Set to Report Q4 Earnings: Here’s What Investors Must Know

Quanta Services Company Profile

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.