Quanta Services Q3 adjusted EPS USD 6.06 vs. estimate USD 5.02
PWR•Quanta Services reported Q3 adjusted EPS of USD 6.06, compared with an IBES estimate of USD 5.02. Revenue was USD 12 billion versus an estimate of USD 11.043 billion, and the company forecast full-year adjusted EPS of USD 17.90 to USD 18.30.
1. Quarterly results and outlook
Quanta Services reported Q3 adjusted EBITDA of USD 1.4 billion, compared with an IBES estimate of USD 1.227 billion. Net income was USD 694.9 million and EPS was USD 4.55. The company forecast full-year EPS of USD 12.57 to USD 12.97, adjusted EBITDA of USD 4.4 billion to USD 4.49 billion, EBITDA of USD 3.99 billion to USD 4.09 billion, net income of USD 1.92 billion to USD 1.98 billion, and adjusted EPS of USD 17.90 to USD 18.30, versus an IBES estimate of USD 16.70.
