Quanta Services (NYSE:PWR) Issues FY 2026 Earnings Guidance

Quanta Services (NYSE:PWR) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 16.450-16.950 for the period, compared to the consensus estimate of 13.780. The company issued revenue guidance of $39.3 billion-$39.7 billion, compared to the consensus revenue estimate of $35.0 billion.

Quanta Services Stock Performance

PWR stock traded up $97.97 during midday trading on Thursday, reaching $659.11. The stock had a trading volume of 3,013,531 shares, compared to its average volume of 1,179,302. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a fifty day simple moving average of $682.41 and a two-hundred day simple moving average of $610.16. The stock has a market cap of $98.91 billion, a PE ratio of 90.41, a P/E/G ratio of 2.32 and a beta of 1.21. Quanta Services has a 52-week low of $363.01 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the company earned $2.48 earnings per share. The company’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities research analysts anticipate that Quanta Services will post 12.8 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Quanta Services announced that its Board of Directors has approved a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PWR shares. BMO Capital Markets increased their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group lowered their price target on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Roth Capital lifted their price objective on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a report on Thursday, May 28th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $745.55.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the transaction, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by insiders.

Trending Headlines about Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Q2 results exceeded expectations: Adjusted diluted EPS was $4.24, well above the $3.29–$3.31 analyst consensus and up from $2.48 a year earlier. Revenue increased 41.1% year over year to $9.56 billion, topping estimates near $8.6 billion. Quanta Services Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised full-year expectations across key metrics. Quanta now expects 2026 revenue of $39.3 billion to $39.7 billion and adjusted EPS of $16.45 to $16.95, both substantially above Wall Street expectations. Quanta Projects 2026 Revenue as Record Backlog Supports Raised Outlook
• Positive Sentiment: Visibility remains strong. Total backlog reached a record $53.4 billion, including $33.6 billion of remaining performance obligations. The company also generated $1.1 billion in operating cash flow and $0.9 billion in free cash flow during the quarter, reinforcing the strength of its project pipeline and balance-sheet liquidity.
• Positive Sentiment: Electric-sector demand was a key driver. Investors viewed Quanta as a beneficiary of rising electricity needs from data centers and artificial-intelligence infrastructure, as well as ongoing utility-grid investment. PWR Q2 Earnings Beat on Electric Strength
• Neutral Sentiment: Despite the strong outlook, PWR trades at a high earnings valuation, with a reported price-to-earnings ratio above 90. That premium leaves the stock sensitive to any slowdown in backlog conversion, project execution or infrastructure spending.

Hedge Funds Weigh In On Quanta Services

Several hedge funds and other institutional investors have recently made changes to their positions in PWR. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services during the second quarter worth $26,000. Meeder Asset Management Inc. grew its stake in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. Quarry LP acquired a new stake in Quanta Services in the 4th quarter valued at about $40,000. Kemnay Advisory Services Inc. purchased a new position in Quanta Services in the 4th quarter worth approximately $44,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Quanta Services during the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.