Infrastructure solutions provider Quanta (NYSE: PWR) will be reporting earnings this Thursday morning. Here’s what to expect.

Quanta beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $6.77 billion, up 21.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and full-year EBITDA guidance exceeding analysts’ expectations.

Is Quanta a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Quanta’s revenue to grow 14.3% year on year to $7.42 billion, slowing from the 15.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.26 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Quanta has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Quanta’s peers in the construction and engineering segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 35.2%, beating analysts’ expectations by 13.2%, and Orion reported flat revenue, in line with consensus estimates. Comfort Systems traded up 18.9% following the results.

Read our full analysis of Comfort Systems’s results here and Orion’s results here.

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 3.1% on average over the last month. Quanta is up 7.4% during the same time and is heading into earnings with an average analyst price target of $434.88 (compared to the current share price of $439.50).

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