Quanta Services Announces Preliminary Third Quarter Results
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UBS Cuts Price Target Ahead of Quanta Services (PWR) 3Q Results
October 20, 2015 10:47 AM EDTUBS maintained a Buy rating on Quanta Services (NYSE: PWR), and cut the price target to $23.00 (from $28.00), following the company's pre-announced 3Q results. PWR is now expecting unadjusted EPS of $0.22-$0.24, vs. prior guidance of $0.34-$0.40. PWR is scheduled to report 3Q earnings on 11/05/2015.... More
FBR Capital Downgrades Quanta Services (PWR) to Market Perform
October 19, 2015 1:29 PM EDTFBR Capital downgraded Quanta Services (NYSE: PWR) from Outperform to Market Perform with a price target of $22.00 (from $29.00).
Analyst Alex Rygiel commented, "Last Friday, October 16, Quanta Services preannounced lower-than-expected 3Q15 results due to a combination of softer revenue and lower... More
Quanta Services' (PWR) Prelim. Q3 Results Fall Short of Estimates
October 16, 2015 8:39 AM EDTQuanta Services, Inc. (NYSE: PWR) announced today that after an initial review of its third quarter operating results, the company now expects revenues slightly below the midpoint of its previously announced range of $1.9 billion to $2.0 billion and expects diluted earnings per share from continuing operations of $0.22 to $0.24. This compares to the company's previous expectation that diluted earnings per share from continuing operations would range between $0.34 and $0.40. In addition, Quanta expects several of the factors which adversely impacted the company's third quarter results to continue and adversely impact the company's fourth quarter results versus prior expectations.... More
