Previous Close | 258.56 |
Open | 258.00 |
Bid | 0.00 x 900 |
Ask | 298.80 x 1000 |
Day's Range | 252.99 - 260.74 |
52 Week Range | 153.74 - 265.82 |
Volume | |
Avg. Volume | 900,927 |
Market Cap | 37.476B |
Beta (5Y Monthly) | 1.11 |
PE Ratio (TTM) | 51.30 |
EPS (TTM) | 4.99 |
Earnings Date | May 02, 2024 |
Forward Dividend & Yield | 0.36 (0.14%) |
Ex-Dividend Date | Apr 08, 2024 |
1y Target Est | 262.80 |
Detailed Analysis of Quanta's First Quarter 2024 Financial Results
Quanta Services raised its annual revenue and profit forecasts on Thursday, encouraged by strong demand for its construction and engineering services from the renewable energy and electric power industries. With companies increasingly tapping into new technologies and federal and state policies pushing for an accelerated shift to clean energy, demand for electric power infrastructure has grown in the United States.
Quanta Services, Inc. (NYSE: PWR) today announced results for the three months ended March 31, 2024. Revenues in the first quarter of 2024 were $5.03 billion compared to revenues of $4.43 billion in the first quarter of 2023, and net income attributable to common stock was $118.4 million, or $0.79 per diluted share, in the first quarter of 2024 compared to net income attributable to common stock of $95.0 million, or $0.64 per diluted share, in the first quarter of 2023. Adjusted diluted earnings