Quanta Expects 12.4% Q4 Revenue Growth to $7.37B as Shares Rally 13.3%
Quanta posted Q3 revenues of $7.63B, up 17.5% y/y, beating forecasts by 2.8%. Analysts expect Q4 revenue of $7.37B (+12.4% y/y) and $3.02 adjusted EPS as shares rally 13.3% over the past month against a $479.09 average price target.
1. Q3 Results
Quanta reported Q3 revenues of $7.63 billion, a 17.5% increase year on year, beating analyst revenue forecasts by 2.8%. Adjusted operating income also surpassed estimates, marking a second consecutive quarter of strong operational performance.
2. Q4 Expectations
Analysts forecast Q4 revenues of $7.37 billion, a 12.4% year-on-year rise, and adjusted earnings of $3.02 per share as the company prepares to release results Thursday before market hours.
3. Analyst Outlook
Coverage has remained stable over the past month, with no revisions to estimates, reflecting confidence in Quanta’s continued growth trajectory and a consensus average price target of $479.09 versus the current share price of $525.
4. Peer and Sector Trends
Peer announcements show AECOM revenues down 4.6% beating expectations by 2.5% and Construction Partners revenues up 44.1% topping estimates by 10.5%, while sector stocks have rallied 7.8% on average, supporting the 13.3% advance in Quanta shares over the last month.