Quanta Services Analysts Increase Their Forecasts After Better-Than-Expected Q4 Earnings
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Quanta Services, Inc. (NYSE:PWR) reported better-than-expected Q4 earnings of $3.16 per share and sales of $7.842 billion, surpassing analyst estimates. The company provided FY26 guidance for adjusted EPS of $12.65-$13.35 and sales of $33.250-$33.750 billion, both above market expectations. Following the earnings announcement, analysts raised their price targets, with Evercore ISI's target increasing to $604 and UBS's to $646. Despite the positive results, Quanta Services shares fell 0.7% to $550.41.
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