PWR

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Quanta Services (PWR) is back in focus after reporting what management called an exceptional first quarter, raising its full-year 2026 financial expectations, and highlighting a record backlog that supports revenue and margin performance. See our latest analysis for Quanta Services. The share price has gained 15.72% over the past month and 66.05% year to date, while the 1-year total shareholder return of 115.11% and 5-year total shareholder return of about 7x reflect strong recent momentum driven by record backlog news, buyback and dividend plans, and growing interest in grid and AI infrastructure spending. If Quanta Services' recent momentum has your attention, it can be useful to see what else is moving in power infrastructure, starting with 33 power grid technology and infrastructure stocks With the stock up sharply and trading only about 4% below the average analyst price target, the key question now is whether Quanta Services is still mispriced or if the market is already factoring in years of future growth. Quanta Services last closed at $730.10, slightly above the fair value of $710.00 in the most followed narrative, which frames the stock as high quality but not cheap. Read the complete narrative. Want to see what kind of earnings growth and profit profile might support that premium label, and how far the narrative leans on long range targets? The full story connects record backlog, cash generation, and a rich future earnings multiple, but keeps a few key assumptions under the surface. Result: Fair Value of $710 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the narrative can crack if Quanta stumbles on complex project execution, or if large data center and grid awards are delayed or scaled back. Find out about the key risks to this Quanta Services narrative. With both risks and rewards in play, do you feel the current mood on Quanta Services fits your own view, or not quite? Act while the details are fresh in mind by weighing both sides through the 2 key rewards and 2 important warning signs If Quanta Services has sharpened your interest, do not stop here. The right watchlist of fresh ideas can often make the biggest difference over time. Target resilient opportunities by scanning...

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Quanta (NYSE:PWR) and the best and worst performers in the energy products and services industry. Areas like the energy transition and emission reduction are thematic and front of mind today. This can be a double-edged sword for the energy products and services industry. Those who innovate and build new expertise can jolt demand while those who cling to legacy technologies or fall behind in the trending areas could see their market shares diminish. Bigger picture, energy products and services companies are still at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 4 energy products and services stocks we track reported a slower Q1. As a group, revenues beat analysts’ consensus estimates by 3%. Thankfully, share prices of the companies have been resilient as they are up 5.5% on average since the latest earnings results. A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications. Quanta reported revenues of $7.87 billion, up 26.3% year on year. This print exceeded analysts’ expectations by 11.5%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates. "Quanta delivered an exceptional first quarter, reflected by strong double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $48.5 billion. In particular, revenue growth and margin performance exceeded our expectations across both segments, demonstrating the power of our differentiated, solutions-based operating model and the execution certainty our craft-skilled workforce delivers for our customers every day. Based on this strong start to the year and improved visibility, we are increasing our full-year 2026 financial expectations and remain on track to deliver another year of double-digit earnings per share growth," said Duke Austin, President and Chief Executive Officer of Quanta Services. Quanta achieved the biggest analyst estimate beat but had the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is up 17.2% since r...

Dycom Industries, Inc. DY is scheduled to report its first-quarter fiscal 2027 results on May 27, before the opening bell.In the last reported quarter, the company’s adjusted earnings and contract revenues topped the Zacks Consensus Estimate by 6.3% and 5.1%, respectively. On a year-over-year basis, both metrics grew 42% and 34.4%, respectively.Dycom’s earnings surpassed estimates in each of the trailing four quarters, with an average of 17.1%. The Zacks Consensus Estimate for fiscal first-quarter earnings per share (EPS) has moved north to $2.73 from $2.72 in the past 60 days. The revised estimate indicates 30.6% year-over-year growth.The consensus estimate for contract revenues is pegged at $1.67 billion, indicating a 32.3% year-over-year rise from $1.26 billion. Dycom Industries, Inc. price-eps-surprise | Dycom Industries, Inc. Quote RevenuesDycom’s top-line performance in the fiscal first quarter is expected to have benefited from surging digital infrastructure demand, mainly tied to Artificial Intelligence and hyperscale computing. The company is expected to have witnessed increased activity for fiber-to-the-home deployments, long-haul and middle-mile fiber infrastructure builds and large data center campuses. Moreover, the Broadband Equity Access and Deployment (BEAD) program, offering to be a multiyear catalyst amid strong project activity, is likely to have added to the quarter’s top-line growth.Notably, the acquisition of Power Solutions, LLC, under the Building Systems segment, is expected to have aided this segment’s contributions in the quarter, thus boosting overall growth. For the fiscal first quarter, DY expects contract revenues between $1.64 billion and $1.71 billion.For the fiscal first quarter, our Zacks model expects revenues from the Communications and Building Systems segments to be $1.37 billion and $291.4 million, up sequentially 0.3% and 204%, respectively. Earnings & MarginsFor the fiscal first quarter, Dycom’s bottom line is expected to have increased year over year because of incremental leverage from contract revenue growth and strong operational capabilities. Owing to the robust market fundamentals, the company projects adjusted EBITDA between $202 million and $218 million, up from $150.4 million reported in the prior-year quarter. The company anticipates adjusted EPS in the range of $2.57-$2.90 for the fiscal first quarter.Our...

HOUSTON, May 22, 2026 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.11 per share, or a rate of $0.44 per share on an annualized basis. The dividend is payable on July 13, 2026, to stockholders of record as of July 1, 2026. Additionally, the Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to $1 billion of its outstanding common stock. Under the company's existing stock repurchase program, which expires June 30, 2026, the company has acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135 million. Repurchases may be implemented through open-market or privately negotiated transactions, at management's discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and Quanta's Board of Directors may modify or terminate the new repurchase program at any time at its sole discretion and without notice. About Quanta ServicesQuanta Services is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com. Cautionary Statement About Forward-Looking Statements and Information This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the declaration, amount or timing of any future dividends; expectations regarding Quanta's business or f...

MasTec, Inc. MTZ reported strong first-quarter 2026 results on April 30, with both earnings and revenues surpassing the Zacks Consensus Estimate. The company also posted solid year-over-year growth across major financial metrics, supported by strong demand trends across communications, clean energy, power delivery and pipeline infrastructure markets. Higher project activity, improving operational execution and record backlog levels reflected continued momentum from infrastructure modernization, energy transition investments and rising data center-related demand. Adjusted earnings per share came in at $1.39, beating the Zacks Consensus Estimate of 98 cents by 41.8% and increasing 174.1% year over year. Revenues of $3.83 billion topped the consensus mark by 10.3% and rose 34.5% from the prior-year quarter, driven by double-digit growth across all four business segments. Adjusted EBITDA increased 73.3% year over year to $283.6 million, while adjusted EBITDA margin expanded 170 basis points to 7.4% from 5.7% a year ago, supported by improved productivity and operational execution. MasTec also raised its full-year 2026 guidance following the strong quarterly performance. However, the company continued to face some near-term pressures. Higher costs related to business expansion, project ramp-ups and investments to support growth affected overall profitability during the quarter. Image Source: Zacks Investment Research Shares of MasTec have gained 55.9% in the past three months, significantly outperforming the Zacks Building Products - Heavy Construction industry’s 16.8% growth. The stock has further outperformed the broader Construction sector and the S&P 500, in the same period. Let us take a closer look at the factors shaping MasTec stock’s prospects. Strong infrastructure and energy market demand continue to support higher project visibility across MasTec’s operations. As of March 31, 2026, the company reported an 18-month backlog of about $20.3 billion, up 28% year over year and approximately 7% sequentially. The increase was driven mainly by strong activity in the Clean Energy and Infrastructure and Power Delivery businesses, with the company recording healthy booking trends during the quarter. Total company book-to-bill reached 1.4x in the first quarter, reflecting continued customer investment across transmission, infrastructure and renewable energy markets...

The 2026 Q1 earnings season continues to roll along, with a wide variety of companies revealing results in the coming days. The cycle has overall been strong, with growth remaining solid and a decent number of companies exceeding quarterly expectations. And concerning those exceeding quarterly expectations, UnitedHealth Group UNH, Quanta Services PWR, and Quest Diagnostics DGX both raised their outlooks, with each also seeing a nice pop following their results. UnitedHealth UnitedHealth posted a double beat relative to our consensus expectations, with both EPS and sales moving modestly higher year-over-year. It reflected the company’s first double-beat in several quarters, helping underpin the favorable reaction shares enjoyed post-earnings. The company’s EPS outlook remains bullish, with estimates drifting higher across all timeframes illustrated below. The favorable revisions are led by a guidance upgrade, with UNH raising its FY26 earnings outlook. Image Source: Zacks Investment Research Quest Diagnostics Quest Diagnostics similarly posted a double-beat relative to our consensus expectations, marking the sixth consecutive period in which it exceeded both EPS and sales expectations. Sales grew 9.2% from the year-ago period, whereas EPS grew by a double-digit 13.1% YoY. The company raised both its EPS and sales guidance for its current FY26 amid the favorable results, with DGX seeing favorable revisions following the release. Image Source: Zacks Investment Research Quanta Services Quanta Services yet again delivered another set of robust quarterly results, with both EPS and sales results beating Zacks Consensus Estimates. Adjusted EPS of $2.68 grew by a sizable 50% YoY and reflected a 31.4% surprise, whereas sales of $7.9 billion saw a double-digit 26.3% YoY climb. Importantly, the backlog reached a record $48.5 billion, helping underpin its broader business momentum for a long time to come. Quanta Services raised guidance across many metrics, driven by a favorable demand environment, further adding to the positivity. The broad guidance hike is very bullish from a share momentum standpoint, a big driver behind the stock’s surge after it reported. EPS revisions remain bullish nearly across the board. Image Source: Zacks Investment Research Bottom Line Guidance upgrades are generally among the most bullish announcements a company can make, signaling that the...

Cardinal Infrastructure Group Inc. CDNL is scheduled to report first-quarter 2026 results on May 12, before the opening bell. In the fourth quarter of 2025, the company’s revenues came in around $146 million. The Zacks Consensus Estimate for first-quarter earnings per share (EPS) has trended upward to 18 cents from 16 cents over the past 60 days. The consensus mark for revenues is pegged at $126.6 million. Cardinal Infrastructure Group Inc. price-eps-surprise | Cardinal Infrastructure Group Inc. Quote The first quarter of 2026 will mark Cardinal Infrastructure’s debut as a public company. In the quarter, the company’s top line is expected to have witnessed a seasonal low point, with construction seasonality making a return. Although this uncertain scenario is likely to have taken a toll on the revenue performance of the company, robust project activity in residential and commercial development bolsters optimism for the quarter. CDNL’s performance is expected to have been supported by growing residential demand across its three core North Carolina markets, alongside increased demand volumes of commercial, DOT and municipal work. Notably, its strategic acquisition efforts are expected to have aided the quarter to some extent, especially buyouts including Page, Purcell and Red Clay. Meanwhile, the return of seasonality is also expected to have posed a threat to the company’s profitability in the first quarter. Moreover, increased IPO-related and acquisition costs, alongside elevated general and administrative expenses and ongoing macro uncertainties, are likely to have taken a toll on the bottom line. Nonetheless, CDNL expects these costs and expenses to restrict its margins and profitability in the near term, making it well-positioned in the market in the long term. Our proven model does not conclusively predict an earnings beat for Cardinal Infrastructure this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. CDNL’s Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter. CDNL’s Zacks Rank: The stock carries a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. CRH plc CRH posted an adjusted loss in the firs...

The 2026 Q1 earnings season continues to be one of positivity, with many notable companies – Newmont NEM, Interactive Brokers IBKR, and Quanta Services PWR – all knocking it out of the park, reporting quarterly records in one way or another. Quanta Services Quanta Services yet again delivered another set of robust quarterly results, with both EPS and sales results beating Zacks Consensus Estimates. Adjusted EPS of $2.68 grew by a sizable 50% YoY and reflected a 31.4% surprise, whereas sales of $7.9 billion saw a double-digit 26.3% YoY climb. Importantly, the backlog reached a record $48.5 billion, helping underpin its broader business momentum for a long time to come. Quanta Services raised guidance across many metrics, driven by a favorable demand environment, further adding to the positivity. The broad guidance hike is very bullish from a share momentum standpoint, a big driver behind the stock’s surge after it reported. Newmont Newmont has benefited significantly from the rise in gold prices. The average gold price per oz reached $4,900 during the reported period, well above the $2,944 level in the same period last year. Free cash flow of $3.1 billion throughout the period reflected an all-time record. Newmont’s cash-generating abilities have been a notable boost over recent periods thanks to the favorable backdrop. The amplified cash-generating abilities bring about many positives, such as buybacks, with NEM increasing its current share repurchase program following the favorable results. Interactive Brokers IBKR has been a strong earnings performer over the past several years, with shares benefiting as a result. Commission revenue throughout its reported period increased 19% YoY to a record $613 million, with customer trading volume in stocks, futures, and options increasing by 25%, 20%, and 16%, respectively. The company’s offerings continue to attract a wide range of new customers, with customer accounts growing by a rock-solid 31% YoY to roughly 4.8 million. The stock saw a weak reaction to the results but quickly bounced back over recent days. The EPS outlook for its current fiscal year remains notably bullish, with the current $2.46 per share estimate up more than 30% over the last year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Ser...

Construction Partners, Inc. ROAD is scheduled to report its second-quarter fiscal 2026 results on May 8, before the opening bell. In the last reported quarter, the company’s adjusted earnings and revenues topped the Zacks Consensus Estimate by 51.6% and 7%, respectively. Also, the bottom and the top lines grew 88% and 44.1% year over year, respectively. Construction Partners’ earnings topped the consensus mark in two of the trailing four quarters and missed on the remaining two occasions, the average surprise being 85.3%. The Zacks Consensus Estimate for the company's fiscal second-quarter earnings indicates a loss per share of five cents, which has widened over the past 30 days from four cents per share. The estimated figure indicates a 162.5% year-over-year plunge from earnings per share (EPS) of eight cents. The consensus mark for revenues is pegged at $687 million, suggesting growth of 20.2% from the year-ago reported figure of $571.7 million. Construction Partners, Inc. price-eps-surprise | Construction Partners, Inc. Quote Construction Partners’ top-line performance in the fiscal second quarter is expected to have been boosted by the robust public infrastructure spending trends, resulting in increased project activity. Besides, non-residential private construction activity is also likely to have witnessed modest growth trends, supporting the company’s revenue growth. Moreover, its recent acquisitions in Texas and Florida expanded its geographical reach in high-growth regions that feature robust public and private project activity. This provides attractive opportunities for ROAD to expand market share and likely take advantage of its scale. However, despite strong operational performance and increased market demand, the company’s bottom line is likely to have witnessed a significant downturn during the fiscal second quarter. The tepid scenario is expected to have mainly stemmed from the ongoing economic and geopolitical challenges, like the Iran conflict and labor shortages. Also, an increase in general and administrative expenses and acquisition-related costs is likely to have taken a toll on the margin growth during the quarter. Nonetheless, Construction Partners’ profitable business initiatives, including a local market dynamic approach, along with its focus on short-duration and low-risk projects, are likely to enable it to continue its growth momen...

The 2026 Q1 earnings season is in full swing, with many notable companies still on the reporting docket in the weeks to come. So far, several companies have posted notably strong results, including Newmont NEM, Quanta Services PWR, and Ametek AME, which each set quarterly records in one way or another. Quanta Services yet again delivered another set of robust quarterly results, with both EPS and sales results beating Zacks Consensus Estimates. Adjusted EPS of $2.68 grew by a sizable 50% YoY and reflected a 31.4% surprise, whereas sales of $7.9 billion saw a double-digit 26.3% YoY climb. Importantly, the backlog reached a record $48.5 billion, helping underpin its broader business momentum for a long time to come. Quanta Services raised guidance across many metrics, driven by a favorable demand environment, further adding to the positivity. The broad guidance hike is very bullish from a share momentum standpoint, a big driver behind the stock’s surge after it reported. EPS revisions for its current and next fiscal year remain bullish, as shown below. Image Source: Zacks Investment Research AMETEK also reported a strong set of results, with sales of $1.9 billion growing 11% YoY and adjusted EPS of $1.97 growing by 13% from the year-ago period. Both items exceeded our consensus expectations, reflecting surprises of 3.7% and 0.6% across earnings and sales, respectively. AMETEK reported record EBITDA, with record orders growing 23% year-over-year and leading to a record backlog as well. The company also raised its current-year EPS outlook thanks to the strong demand environment, with shares seeing a nice pop on the back of the results and hovering near all-time highs. EPS revisions for its current and next fiscal year remain bullish like PWR above. Image Source: Zacks Investment Research Newmont has benefited significantly from the rise in gold prices. The average gold price per oz reached $4,900 during the reported period, well above the $2,944 level in the same period last year. Free cash flow of $3.1 billion throughout the period reflected an all-time record. Newmont’s cash-generating abilities have been a notable boost over recent periods thanks to the favorable backdrop. The amplified cash-generating abilities bring about many positives, such as buybacks, with NEM increasing its current share repurchase program following the favorable results. The EPS outloo...

Quanta Services, Inc. PWR reported a strong first-quarter 2026 performance, driven by solid execution across both of its operating segments. Management said revenue growth and margin performance exceeded its expectations across the business, supported by the company’s solutions-based model and “execution certainty” from its craft-skilled workforce, sending shares up nearly 9.5% in pre-market trading following the announcement. Quanta reported adjusted earnings of $2.68 per share, up 50.6% from $1.78 in the year-ago quarter and ahead of the Zacks Consensus Estimate of $2.04 by 31.4%. Revenues increased 26.3% year over year to $7.87 billion and topped the consensus mark of $6.99 billion by 12.6%. Remaining performance obligations or RPOs were $26.2 billion, reinforcing visibility as Quanta entered the rest of 2026. Quanta Services, Inc. price-consensus-eps-surprise-chart | Quanta Services, Inc. Quote Electric Infrastructure Solutions (which accounted for 82.1% of consolidated sales) remained the primary growth driver in the quarter. Segment revenues rose 30.8% year over year to $6.47 billion from $4.94 billion. Profitability improved as volume scaled. Electric segment operating income climbed 37.5% to $561.1 million from $408.2 million, while operating margin expanded to 8.7% from 8.3%. Underground Utility and Infrastructure Solutions (17.9% of total sales) also delivered solid year-over-year progress. Segment revenues increased 9.1% to $1.41 billion from $1.29 billion. Earnings growth was notable. Segment operating income rose 37.4% to $105.6 million from $76.9 million, driving operating margin to 7.5% compared with 6.0% a year earlier. Scale benefits showed up clearly in consolidated profitability. Gross profit increased to $1.11 billion from $834.0 million in the year-ago quarter. Gross margin expanded to 14.1% from 13.4%, reflecting improved profitability on higher revenue volume. Operating income rose to $338.8 million from $239.1 million, with operating margin improving to 4.3% from 3.8%. Corporate and non-allocated costs were $327.9 million compared with $246.0 million a year ago, and the quarter included higher amortization of intangible assets and non-cash stock-based compensation within those costs. Adjusted EBITDA increased to $686.4 million in the first quarter of 2026 from $503.9 million in the prior-year period, reflecting stronger earnings power...

Quanta Services, Viavi Solutions and Carrier Global gave positive comments on their data center businesses.