Quanta Services Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Quanta Services, Inc. (NYSE:PWR) will unveil its latest earnings on Wednesday, November 2, 2011. 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 24 cents per share, a decline of 20% 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 32 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 25 cents during the last month. For the year, analysts are projecting profit of 70 cents per share, a decline of 7.9% from last year.

Last quarter, the company came in at net income of 17 cents per share against a mean estimate of profit of 15 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.21 billion in revenue this quarter, no change from the year ago quarter. Analysts are forecasting total revenue of $4.44 billion for the year, a rise of 13% from last year’s revenue of $3.93 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit fell 3.6% to $31.8 million (15 cents a share) from $33 million (16 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 16.1% to $1.01 billion from $870.5 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 24.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 54.5% from the year earlier quarter.

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), Pro-Tech Industries, Inc. (PTCK), The Shaw Group Inc. (NYSE:SHAW), and UniTek Global Services Inc. (NASDAQ:UNTK).

Stock Price Performance: During August 3, 2011 to October 27, 2011, the stock price had risen $2.68 (14.2%) from $18.93 to $21.61. 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 July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 13.7% (-$2.70) over that span. Shares are up $1.69 (+8.5%) year to date.

(Source: Xignite Financials)

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