Market Overview

D.A. Davidson Sees Improved Operating Earnings For Quanta Services


In a report published Thursday, D.A. Davidson analyst John B. Rogers reiterated a Buy rating and $40.00 price target on Quanta Services Inc (NYSE: PWR).

In the report, D.A. Davidson noted, “GAAP EPS of $0.43 per share for the third quarter was below our estimate of $0.53 (and guidance of $0.52-$0.54), and flat with $0.43 last year. Reported EPS included $0.13 of net special charges. Excluding these charges EPS would have exceeded our expectations. Adjusted EPS of $0.61, excluding the special charges and certain non-cash expenses, exceeded our estimate of $0.58 per share and guidance of $0.57-$0.59 and consensus of $0.57.”

Quanta Services closed on Wednesday at $33.23.

Latest Ratings for PWR

Sep 2019MaintainsBuy
Aug 2019Initiates Coverage OnBuy
Aug 2019MaintainsBuy

View More Analyst Ratings for PWR
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings


Related Articles (PWR)

View Comments and Join the Discussion!

Latest Ratings

ALDRCanaccord GenuityDowngrades20.0
LEGHLake StreetInitiates Coverage On21.0
CHUGoldman SachsUpgrades13.2
STZBMO CapitalMaintains230.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Why The Triple-Net Lease REIT Sector Remains Strong And Hit 52-Week Highs

Swedbank Upgrades Scorpio Tankers To Buy