Quanta Services (NYSE:PWR) is expected to report Q2 earnings before market open Wednesday, August 6, with a conference call scheduled for 9:30 a.m. ET.
Analysts are looking for EPS of 19c on revenue of $902.62M. The five analysts who gave estimates all expect the company to report an EPS of 19c, and the consensus range for revenue is $895M to $912M, according to First Call. Quanta Services gave Q2 EPS and revenue guidance with it reported its Q1 results, the company expects Q2 EPS of 22c to 42c and revenue of $880M to $910M.
Friedman Billings stated it anticipates over the next 3 to 5 years catalysts for consistent earnings growth of 25%, revenue growth of 10% to 15% will be due to favorable capital spending trends, especially in the electric utility transmission market. The firm increased its 2008/09 EPS estimates, target price to $35 from $32 and reiterated its Outperform rating.
JP Morgan stated on July 16 that it believes the increase in wind energy development in the U.S. should drive strong earnings leverage over the next five years. The firm maintained its Overweight rating for the company's stock, and added Quanta Services to its Focus List.