Quanta Services: Q1 Earnings Insights

Quanta Services PWR reported its Q1 earnings results on Thursday, May 4, 2023 at 06:55 AM.

Here's what investors need to know about the announcement.

Earnings

Quanta Services beat estimated earnings by 9.73%, reporting an EPS of $1.24 versus an estimate of $1.13.

Revenue was up $463.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 0.64% increase in the share price the next day.

Here's a look at Quanta Services's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Quanta Services management provided guidance for FY 2023, expecting earnings between $6.75 and $7.25 per share.

To track all earnings releases for Quanta Services visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.