Quanta Services Inc (NYSE: PWR) shares are trading higher on Thursday after the company reported a strong first-quarter beat and raised its FY26 guidance above estimates.
• Quanta Services stock is approaching key resistance levels. Why is PWR stock breaking out?
Earnings Snapshot
The company reported adjusted EPS of $2.68, exceeding the consensus of $2.06.
Sales of $7.9 billion came above the street view of $7 billion.
The electric segment reported revenue of $6.5 billion (versus $4.9 billion a year ago). Underground Utility and Infrastructure Solutions saw revenue of $1.4 billion ($1.3 billion in the prior-year quarter).
The company sees a record backlog of $48.5 billion at quarter’s end, reflecting the strength of the end markets and …