Key Takeaways for Quanta Services Stock as of July 2026
- Twenty-one of the 26 analysts covering Quanta Services stock rate it a buy, one calls it outperform, seven sit at hold, two have no opinion and one rates it underperform, with the mean target of $761 sitting 15% above the July 14 close of $661.
- TIKR’s mid-case model targets $904 for Quanta Services stock by December 2030, a 37% total return from today’s price and a 7.3% annualized rate over the next 4.5 years.
- Normalized EPS jumped 51% year over year in the March quarter, and even as that growth cools toward 15% by early 2027, the deceleration curve still points to a company compounding earnings faster than its current multiple assumes.
- Following an April 30 print that beat EPS estimates by 30%, Quanta Services raised its 2026 adjusted EPS guidance to a range of $13.55 to $14.25, above the $13.09 Wall Street had modeled.
Quanta Services Stock Jumps as Q1 Earnings Crush Estimates on Data Center Demand
Quanta Services (PWR) posted first quarter 2026 revenue of $7.9 billion against a consensus estimate of $7.0 billion, and adjusted EPS of $2.68 came in 30% above the $2.06 analysts had modeled. That gap wasn’t a rounding error. It forced management to raise full year revenue guidance to a range of $34.7 billion to $35.2 billion and lift adjusted EPS guidance to $13.55 to $14.25, both above prior Street expectations.
Behind that beat sits a record $48.5 billion backlog, up sharply as large load facility awards and 765 kilovolt transmission work moved from pipeline to contract. CEO Duke Austin addressed the scale of that demand directly on the Q1 earnings call: “We have outlined an opportunity to more than double the earnings power of this company by 2030.” That comment came days after Quanta’s March 31 Investor Day, where the company sized its addressable market across utility, generation and large load infrastructure at $2.4 trillion through 2030.
The market moved fast on the follow-through. Oppenheimer upgraded Quanta Services to outperform on May 28 with an $800 price target, citing utility and data center demand alongside the company’s ability to absorb the country’s biggest infrastructure projects. Shares are up 72% year to date as of that call, and the stock closed at $661 on July 14, up 2.2% on the day.
Quanta’s Underground and Infrastructure Solutions segment margin also improved meaningfully in the quarter, which management tied directly to project mix rather than one-time cost cuts. That distinction matters because it suggests the earnings reacceleration isn’t a single-quarter event. It’s a segment-level shift the backlog is set to keep funding through 2027.
See how Quanta Services stock’s backlog is converting into forward EPS on TIKR for free →
Wall Street Rates Quanta Services Stock a Buy With a $761 Mean Target
Twenty-one of 26 analysts covering Quanta Services stock rate it a buy or outperform, seven hold it and just one underperform rating remains on the sheet. The mean target of $761 implies 15% upside from the July 14 close of $661, while the median target of $795 and the high target of $940 point to a wider range of conviction than the mean alone suggests.
That spread widened further after Oppenheimer’s May 28 upgrade to outperform with an $800 target, a call built on the same utility and hyperscaler demand that drove the April 30 earnings beat.
Wall Street Expects Quanta Services Stock’s EPS Growth to Stay Above 15% Through 2027
Normalized EPS grew 51% year over year in the quarter ended March 31, 2026, the sharpest reacceleration in Quanta’s recent history after growth of just 7.5% the prior quarter. Analysts expect that pace to cool but hold well above trend, forecasting 33% growth for the June 2026 quarter and 27% for September 2026.
That deceleration continues into 2027, with consensus modeling 21% EPS growth for the December 2026 quarter and 15% for March 2027 before reaccelerating to 16% by June 2027. Revenue growth follows a similar arc, stepping down from 27% in mid-2026 to 12% by mid-2027 as easier comparisons give way to tougher ones.
The question the Street hasn’t settled is whether that floor holds. Quanta’s backlog implies multi-year visibility into 765 kilovolt transmission and data center buildout, but the consensus growth curve assumes a meaningful deceleration rather than a second reacceleration matching Q1’s.
TIKR Values Quanta Services Stock at $904, Pricing a 37% Total Return by 2030
TIKR’s mid-case model targets $904 for Quanta Services stock by December 2030, implying a 37% total return from the current price of $661, or 7.3% annualized over 4.5 years.
That annualized rate sits below the stock’s own trailing five-year IRR of 50%, a gap consistent with a business transitioning from rapid multiple expansion toward earnings-driven compounding.
The model’s return assumes the backlog conversion Quanta flagged at its March Investor Day continues without a repeat of the 51% EPS spike that defined the March quarter, leaning instead on the double-digit growth path the Street has already built into 2027 estimates.
Compare Quanta Services stock’s target price to where shares trade today on TIKR for free →
Should You Invest in Quanta Services, Inc.?
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Pull up Quanta Services, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
