Quanta Services Earnings: Another Beat and Raise Quarter, but Shares Remain Overvalued
Quanta Services shares rose 6% after third-quarter adjusted earnings per share reached $6.06 and revenue surged 57.4% to $12.01 billion. Management raised its 2026 revenue guidance to $41.3 billion-$41.6 billion and adjusted EPS to $17.90-$18.30, both up midsingle digits at the midpoint.