Quanta Services, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Quanta Services, Inc. (NYSE:PWR) will unveil its latest earnings on Monday, August 1, 2011. Quanta Services, Inc. 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 profit of 15 cents per share, a decline of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 15 cents during the last month. For the year, analysts are projecting net income of 69 cents per share, a decline of 9.2% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported a loss of 6 cents per share versus a mean estimate of 3 cents. Two quarters ago, it reported profit of 16 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $955.1 million in revenue this quarter, a rise of 9.7% from the year ago quarter. Analysts are forecasting total revenue of $4.24 billion for the year, a rise of 7.9% from last year’s revenue of $3.93 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 13.5% to $849 million in first quarter. The figure rose 12.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 54.5% in the third quarter of the last fiscal year from the year-ago quarter and 7% in the second quarter of the last fiscal year.

Quanta Services’ loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $17.6 million in the first quarter, a profit of $33.7 million in the fourth quarter of the last fiscal year, a profit of $62.8 million in the third of the last fiscal year and a profit of $33 million in the second quarter of the last fiscal year.

Competitors to Watch: Dycom Industries, Inc. (NYSE:DY), EMCOR Group, Inc. (NYSE:EME), Pike Electric Corporation (NYSE:PIKE), Integrated Electrical Services, Inc. (NASDAQ:IESC), MasTec, Inc. (NYSE:MTZ), Comfort Systems USA, Inc. (NYSE:FIX), MYR Group Inc. (NASDAQ:MYRG), The Shaw Group Inc. (NYSE:SHAW), and UniTek Global Services Inc. (NASDAQ:UNTK).

Stock Price Performance: During April 28, 2011 to July 25, 2011, the stock price had fallen $1.59 (-7.5%) from $21.30 to $19.71. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 10, 2010 when shares rose for nine-straight days, rising 13.2% (+$2.33) over that span. It saw one of its worst periods between August 18, 2010 and August 26, 2010 when shares fell for seven-straight days, falling 7.1% (-$1.38) over that span. Shares are down 21 cents (-1.1%) year to date.

(Source: Xignite Financials)

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