NYSE$PWR
Quanta Services Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Quanta Services' third quarter results exceeded expectations, driven by strong margins and record revenue in the Electric Power Infrastructure Services segment, leading to increased full-year 2020 expectations.
Quanta Services reported strong third quarter results, with revenues of $3.02 billion and a record GAAP diluted EPS of $1.13. The company is raising its full-year 2020 net income, EBITDA, and earnings per share expectations due to the strong performance.
- Third quarter consolidated revenues reached $3.0 billion.
- Record quarterly GAAP diluted EPS from continuing operations was $1.13, and adjusted diluted EPS was $1.40.
- Cash flow from operating activities in the third quarter was $114.9 million.
- Total backlog reached a record $15.1 billion.
Headline financials
Revenue & EPS history
Quanta Services · Revenue · Quarterly
$3.02B
Revenue by segment
Quanta Services · $1.38B total across 1 segment · Q3 2023
- Underground Utility and Infrastructure$1.38B+15.5%100.0%
Forward guidance
Quanta Services expects revenues to range between $11.1 billion and $11.3 billion, net income attributable to common stock to range between $378 million and $395 million, diluted earnings per share attributable to common stock to range between $2.61 and $2.72 and adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) to range between $3.52 and $3.64.
Tailwinds
- Quanta expects revenues to range between $11.1 billion and $11.3 billion.
- Net income attributable to common stock to range between $378 million and $395 million.
- Diluted earnings per share attributable to common stock to range between $2.61 and $2.72.
- Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) to range between $3.52 and $3.64.
- EBITDA (a non-GAAP measure) is expected to range between $894 million and $918 million
Headwinds
- Weather can impact the company’s future financial results.
- Regulatory factors can impact the company’s future financial results.
- Permitting factors can impact the company’s future financial results.
- Project timing can impact the company’s future financial results.
- Execution challenges can impact the company’s future financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+5.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+12.9%
Q1 2026
Best reaction
-11.0%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.9% | +22.8% | +13.1% | |
| Q4 2025 | +5.8% | +9.4% | +6.9% | |
| Q3 2025 | +1.2% | -2.2% | +3.6% | |
| Q2 2025 | -1.2% | -5.3% | -8.1% | |
| Q1 2025 | +10.0% | +8.5% | +17.0% | |
| Q4 2024 | -3.7% | -9.5% | -8.2% | |
| Q3 2024 | -0.2% | +3.0% | +5.0% | |
| Q2 2024 | -2.6% | -0.6% | -1.0% | |
| Q1 2024 | -0.2% | +1.3% | -0.5% | |
| Q4 2023 | -3.0% | -7.7% | -8.6% | |
| Q3 2023 | +6.0% | +3.4% | +19.4% | |
| Q2 2023 | -1.0% | +0.2% | +5.0% | |
| Q1 2023 | +1.7% | +1.7% | +7.1% | |
| Q4 2022 | +8.2% | +8.8% | +8.3% | |
| Q3 2022 | +7.3% | +8.0% | +11.9% | |
| Q2 2022 | -0.1% | -0.9% | +2.6% | |
| Q1 2022 | -3.0% | -7.8% | +6.5% | |
| Q4 2021 | +10.1% | +10.2% | +36.6% | |
| Q3 2021 | +0.5% | +1.2% | -3.6% | |
| Q2 2021 | +3.7% | +5.8% | +30.3% | |
| Q1 2021 | +2.9% | +1.2% | -4.3% | |
| Q4 2020 | +3.4% | +3.8% | +7.4% | |
| Q3 2020 | +2.5% | +10.6% | +14.9% | |
| Q2 2020 | +8.4% | +16.5% | +21.5% | |
| Q1 2020 | +1.3% | -5.9% | +25.0% | |
| Q4 2019 | +2.8% | +4.0% | -19.5% | |
| Q3 2019 | +4.0% | +3.0% | -1.0% | |
| Q2 2019 | -8.0% | -7.4% | -4.5% | |
| Q1 2019 | -2.1% | -3.4% | -3.7% | |
| Q4 2018 | -0.1% | -0.7% | +4.9% | |
| Q3 2018 | +1.5% | -3.4% | -10.0% | |
| Q2 2018 | -0.7% | -1.8% | -2.3% | |
| Q1 2018 | +2.1% | +2.7% | +4.4% | |
| Q4 2017 | -3.4% | -2.3% | -2.0% | |
| Q3 2017 | -1.4% | -1.6% | +8.4% | |
| Q2 2017 | +1.1% | -1.9% | -2.2% | |
| Q1 2017 | -2.2% | -5.7% | -7.6% | |
| Q4 2016 | +0.5% | +0.9% | -0.6% | |
| Q3 2016 | +7.2% | +9.7% | +22.6% | |
| Q2 2016 | -0.2% | +0.2% | +4.7% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | -0.0% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -6.6% | — | — | |
| Q2 2011 | -11.0% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q1 2010 | +4.7% | — | — |
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