Earnings To Watch: Quanta (PWR) Reports Q4 Results Tomorrow
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Quanta (PWR) is set to report its Q4 results tomorrow before market hours. Last quarter, it exceeded revenue expectations by 2.8%, with revenues of $7.63 billion, a 17.5% year-on-year increase. Analysts expect Q4 revenue to grow 12.4% to $7.37 billion, with adjusted earnings at $3.02 per share. Despite missing revenue estimates twice in the past two years, positive sentiment in the construction sector has seen Quanta's shares rise 13.3% recently, with an average analyst price target of $479.09 against a current price of $525.
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