Quanta Services Reports Q4 Adj. EPS From Cont. Ops. Of $0.51 - Quick Facts

(RTTNews) - Quanta Services, Inc. (PWR) reported fourth-quarter income from continuing operations to common stock of $67.20 million or $0.30 per share, compared to $166.70 million or $0.77 per share, prior year. Adjusted earnings per share from continuing operations was $0.51, for the quarter.

The company noted that its income from continuing operations attributable to common stock for the fourth quarter of 2014 included a $49.9 million ($30.3 million net of tax or $0.14 per diluted share) charge. For the fourth quarter of 2013, net income from continuing operations attributable to common stock included a $70.5 million after-tax gain, or approximately $0.32 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.51 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $2.05 billion from $1.82 billion last year. Analysts expected revenue of $2.00 billion for the quarter.

Quanta expects revenues for the first quarter of 2015 to range between $1.8 billion and $1.9 billion and earnings per share to be $0.31 to $0.37. Quanta expects adjusted earnings per share for the first quarter of 2015 to be $0.37 to $0.43. Analysts expect the company to report first-quarter earnings per share of $0.47 on revenue of $1.92 billion.

Quanta expects revenues for the full year 2015 to range between $8.1 billion and $8.5 billion and earnings per share to be $1.80 to $2.05. Quanta expects adjusted earnings per share for the full year 2015 to be $2.04 to $2.29. Analysts expect the company to report fiscal 2015 earnings per share of $2.31 on revenue of $8.59 billion.