Quanta Services, Inc. (NYSE:PWR) reported better-than-expected fourth-quarter financial results and issued FY26 adjusted EPS and sales guidance above estimates on Thursday.

Quanta Services reported quarterly earnings of $3.16 per share which beat the analyst consensus estimate of $3.02 per share. The company reported quarterly sales of $7.842 billion which beat the analyst consensus estimate of $7.368 billion.

Quanta Services said it sees FY2026 adjusted EPS of $12.65-$13.35, versus market estimates of $12.45. The company sees sales of $33.250 billion-$33.750 billion, versus estimates of $31.472 billion.

“Quanta closed 2025 with another strong quarter, delivering double-digit year-over-year growth in revenue and adjusted EBITDA, while achieving record fourth-quarter and full-year results across multiple key financial metrics,” said Duke Austin, President and Chief Executive Officer of Quanta Services.

Quanta Services shares fell 0.7% to trade at $550.41 on Friday.

These analysts made changes to their price targets on Quanta Services following earnings announcement.

• Evercore ISI Group analyst Durgesh Chopra maintained Quanta Services with an Outperform rating and raised the price target from $480 to $604.
• Cantor Fitzgerald analyst Manish A. Somaiya maintained the stock with an Overweight rating and raised the price target from $520 to $630.
• Truist Securities analyst Jamie Cook reiterated Quanta Services with a Buy and raised the price target from $548 to $643.
• B. Riley Securities analyst Liam Burke maintained the stock with a Neutral and boosted the price target from $450 to $565.
• UBS analyst Steven Fisher maintained Quanta Services with a Buy and raised the price target from $518 to $646.
• Baird analyst Andrew Wittmann maintained the stock with an Outperform rating and raised the price target from $490 to $606.

Considering buying PWR stock? Here’s what analysts think:

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