Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Quanta Services
So what: Earnings per share of $0.30 were in line with expectations, but the company's fourth-quarter expectation of adjusted earnings per share from $0.23-$0.25 is below the current $0.29 estimate. Quanta is running into regulatory hurdles and low demand for transmission projects as electricity consumption is still below peak levels.
Now what: Quanta and competitor MYR Group
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