United States

Analyst Research Report Snapshot


Quanta (PWR): 4Q12 review; revising 2013E; reit. Buy




Griffin Securities, Inc.


21 Feb 2013





Companies referenced:


Available for Immediate Download

We are updating coverage on Quanta Services (PWR) with a BUY rating, and we are maintaining our 18-month price target of $30.00 for PWR shares.  4Q ‘12 pro forma EPS of $0.52 on revenues of $1.67 billion materially exceeded expectations- outlook into remainder of 2013 remains robust across all divisions including pipeline, however management is taking a cautious outlook as 2012 had special events such as unusual large amount of restoration services and others;  Company is guiding to 2013 revenues of $5.7-$6.2 billion and pro forma EPS of $1.23-$1.53 vs. $5.9 billion and EPS of $1.51 during 2012;  Backlogs rose modestly- seventh consecutive quarter of improving environment- expect uptrend to continue throughout 2013; and  Liquid balance sheet and ability to finance aggressive internal growth via C/F generation.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.