For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Quanta Services (PWR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question. Quanta Services is a member of the Construction sector. This group includes 91 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank co ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Quanta Services (PWR) . Quanta Services currently has an average brokerage ...

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) ("Captiva Verde") a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed on the US OTC Market under the symbol CPIVF announces the following updates: The company has arranged with a European based finder, Cormel Capital LLC, a private placement of 150 million units at $0.02 per unit subject to CSE approval. Each unit comprises one fu ...

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Quanta Services identified as a strong candidate due to its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - Quanta Services has a historical EPS growth rate of 23.2%, with projected EPS growth of 18.3% for the current year, surpassing the industry average of 14.9% [5]. Group 2: Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 1.4, indicating it generates $1.4 in sales for every dollar in assets, which is higher than the industry average of 1.14 [7]. Group 3: Sales Growth - Quanta Services is expected to achieve a sales growth of 14.1% this year, significantly outpacing the industry average of 6.2% [7]. Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Quanta Services, with the Zacks Consensus Estimate for the current year increasing by 0.4% over the past month [8]. Group 5: Overall Positioning - Quanta Services holds a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [9].

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Quanta Services (PWR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question. Quanta Services is one of 91 companies in the Construction group. The Construction group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank include ...

Core Viewpoint - Quanta Services, Inc. has announced the pricing of its offering of senior notes totaling $1.25 billion, which will be used to repay existing debt and finance a recent acquisition [1]. Group 1: Offering Details - The offering includes $600 million of 4.75% senior notes due in 2027, priced at 99.818% of face value [1]. - Additionally, it includes $650 million of 5.25% senior notes due in 2034, priced at 99.409% of face value [1]. - The offering is expected to close on August 9, 2024, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay existing indebtedness, including borrowings from Quanta's commercial paper program and short-term loan facility [1]. Group 3: Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various industries, including utility, renewable energy, technology, communications, and pipelines [5]. - The company offers comprehensive services such as designing, installing, repairing, and maintaining energy and communications infrastructure [5]. - Quanta operates in the United States, Canada, Australia, and select international markets, possessing the resources and expertise to handle projects of various scopes [5].

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Quanta Services (PWR) is currently highlighted as a recommended growth stock based on the Zacks Growth Style Score, which evaluates a company's real growth potential beyond traditional metrics [2] - The company has a historical EPS growth rate of 23.2%, with projected EPS growth of 18.2% this year, significantly outperforming the industry average of 10.2% [4] Group 2: Financial Metrics - Quanta Services has an asset utilization ratio (sales-to-total-assets ratio) of 1.4, indicating that the company generates $1.4 in sales for every dollar in assets, surpassing the industry average of 1.17 [5] - The company's sales are expected to grow by 11.9% this year, compared to the industry average of 5.6%, showcasing strong sales growth potential [6] Group 3: Earnings Estimates - The current-year earnings estimates for Quanta Services have been revised upward, with the Zacks Consensus Estimate increasing by 0.3% over the past month, indicating positive momentum [8] - The combination of strong earnings growth, efficient asset utilization, and positive earnings estimate revisions positions Quanta Services favorably for outperformance in the market [9]

Core Viewpoint - Quanta Services Inc. experienced a 4% decline in shares following the release of its mixed second-quarter 2024 earnings, with earnings missing consensus estimates while revenues exceeded expectations [1][2] Financial Performance - The Renewable Energy Infrastructure Solutions segment showed significant growth, contributing 36.4% to total revenues with a year-over-year increase of 46.4%, surpassing the expected growth of 26.5% [3] - The Electric Power segment, which is the primary revenue source, accounted for 43.8% of revenues but only grew by 1.5%, falling short of the anticipated 9.3% growth [8] - The overall backlog for the Renewable Energy segment was $7.8 billion as of June 30, 2024, while the Electric Segment backlog reached a record $17.2 billion, reflecting a 4.2% year-over-year increase [5][10] Strategic Initiatives - The acquisition of Cupertino Electric, Inc. (CEI) is expected to enhance Quanta's capabilities and contribute $1-$1.1 billion in revenues and $80-$90 million in adjusted EBITDA for the remainder of 2024 [12][13] - The company raised its 2024 guidance for revenues to $23.5-$24.1 billion, adjusted EBITDA to $2.21-$2.33 billion, and adjusted EPS to $8.32-$8.87, reflecting the positive impact of the CEI acquisition [13] Market Dynamics - The Renewable Energy segment's growth is supported by strong customer relationships and a focus on large-scale solar, battery, and wind projects, with expectations of record revenue levels as demand for clean power increases [6] - The Electric Power segment is benefiting from utility grid modernization and increased demand due to new technologies and the rise of electric vehicles, which necessitate significant capital investment in the power grid [10][11]

Quanta Services Inc. (PWR) reported mixed results for second-quarter 2024, wherein adjusted earnings missed the Zacks Consensus Estimate, but revenues surpassed the same. Both metrics increased on a year-over-year basis. However, shares of this leading national provider of specialty contracting services fell 1.3% in the pre-market trading session on Aug 1. Quanta's performance in the second quarter marks a strong base for the rest of 2024, characterized by impressive growth across key metrics. Moreover, the ...

Core Insights - Quanta Services reported revenue of $5.59 billion for the quarter ended June 2024, reflecting a year-over-year increase of 10.8% and a surprise of +1.51% over the Zacks Consensus Estimate of $5.51 billion [1] - The earnings per share (EPS) for the quarter was $1.90, which is an increase from $1.65 in the same quarter last year, although it fell short of the consensus estimate of $1.93 by -1.55% [1] Revenue Breakdown - Electric Power Infrastructure Solutions generated revenues of $2.45 billion, which is below the average estimate of $2.64 billion, representing a year-over-year increase of +1.5% [4] - Underground Utility and Infrastructure Solutions reported revenues of $1.11 billion, slightly below the average estimate of $1.13 billion, showing a year-over-year decline of -11% [5] - Renewable Energy Infrastructure Solutions achieved revenues of $2.03 billion, exceeding the average estimate of $1.75 billion, marking a significant year-over-year increase of +46.4% [6] Operating Income Analysis - Operating income for Electric Power Infrastructure Solutions was $263.86 million, slightly below the average estimate of $267.88 million [6] - Operating income for Underground Utility and Infrastructure Solutions was $81.59 million, which also fell short of the average estimate of $93.01 million [6] - The operating loss for Corporate and non-allocated costs was -$200.94 million, worse than the estimated loss of -$174.27 million [7] - Operating income for Renewable Energy Infrastructure Solutions was $162.72 million, surpassing the average estimate of $132.08 million [7] Market Performance - Quanta Services' shares have returned +4.2% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [7]