Quanta Services Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Quanta Services, Inc. (NYSE:PWR) will unveil its latest earnings on Wednesday, February 22, 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 analyst estimate is for net income of 34 cents per share, a rise of more than twofold from the company’s actual earnings for the year-ago 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 14.5% versus last year to 65 cents.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 28 cents per share against a mean estimate of net income of 24 cents, and the quarter before, the company exceeded forecasts by 2 cents with profit of 17 cents versus a mean estimate of net income of 15 cents.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 26.1% in revenue from the year-earlier quarter to $1.4 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 third quarter, profit fell 17.2% to $52 million (25 cents a share) from $62.8 million (30 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.7% to $1.25 billion from $1.21 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 16.1% in the second quarter from the year earlier, climbed 13.5% in the first quarter from the year-ago quarter and 12.3% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 18, 2011 and February 16, 2012, the stock price rose $2.52 (13%), from $19.36 to $21.88. The stock price saw one of its best stretches over the last year between January 31, 2012 and February 6, 2012, when shares rose for five straight days, increasing 3.9% (+84 cents) 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)

Don’t Miss These Additional Hot Stories:

Why Are Gas Prices Climbing?

Organic Farming: The New Frontier

Will Gold Cleanse The World From Dirty Fiat Currencies?

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com