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.

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.

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:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.60	1.77	1.52	1.22
EPS Actual	1.68	1.77	1.54	1.37
Revenue Estimate	4.28B	4.40B	4.04B	3.59B
Revenue Actual	4.42B	4.46B	4.23B	3.97B

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).

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.

Earnings Calendar