Quanta Services Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Quanta Services, Inc. (NYSE:PWR) will unveil its latest earnings on Thursday, May 3, 2012. Quanta Services provides infrastructure and contracting solutions to the electric power, natural gas, oil, and telecommunications industries.

Quanta Services, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, up from a loss of 6 cents in the year-earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 61.2% versus last year to $1.08.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 29 cents per share versus a mean estimate of net income of 34 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.26 billion in revenue this quarter, a rise of 48.4% from the year-ago quarter. Analysts are forecasting total revenue of $5.29 billion for the year, a rise of 14.5% from last year’s revenue of $4.62 billion.

Analyst Ratings: Analysts are bullish on this stock, with 11 analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 97% to $66.3 million (31 cents a share) from $33.7 million (15 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 36.8% to $1.51 billion from $1.11 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 13.5% in the first quarter of the last fiscal year, 16.1% in the second quarter of the last fiscal year and 3.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between April 23, 2012 and April 27, 2012, the stock price rose $1.24 (6%), from $20.82 to $22.06. The stock price saw one of its best stretches over the last year between April 23, 2012 and April 27, 2012, when shares rose for five straight days, increasing 6% (+$1.24) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 13.7% (-$2.70) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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