Yahoo Finance Quanta Services (PWR) Dips More Than Broader Market: What You Should Know
The most recent trading session ended with Quanta Services (PWR) standing at $273.29, reflecting a -1.23% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow saw a downswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.12%.
The the stock of specialty contractor for utility and energy companies has risen by 4.88% in the past month, leading the Construction sector's loss of 2.34% and the S&P 500's gain of 4.15%.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. In that report, analysts expect Quanta Services to post earnings of $1.87 per share. This would mark year-over-year growth of 13.33%. At the same time, our most recent consensus estimate is projecting a revenue of $5.52 billion, reflecting a 9.43% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.44 per share and revenue of $22.65 billion, which would represent changes of +17.88% and +8.48%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Quanta Services. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.17% higher within the past month. Quanta Services is currently a Zacks Rank #3 (Hold).
Investors should also note Quanta Services's current valuation metrics, including its Forward P/E ratio of 32.77. For comparison, its industry has an average Forward P/E of 19.13, which means Quanta Services is trading at a premium to the group.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
