When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Quanta Services currently has an average brokerage recommendation (ABR) of 1.29, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 14 brokerage firms. An ABR of 1.29 approxima ...

Group 1 - Quanta Services (PWR) stock closed at $276.70, reflecting a slight decrease of -0.03% from the previous trading day, underperforming compared to the S&P 500's gain of 0.23% [1] - Over the past month, Quanta Services shares have increased by 2.22%, outperforming the Construction sector's decline of 3.41% but lagging behind the S&P 500's rise of 3.96% [2] - The upcoming earnings report is expected to show an EPS of $1.87, representing a 13.33% increase year-over-year, with projected revenue of $5.52 billion, a 9.43% rise from the same quarter last year [3] Group 2 - For the full year, earnings are projected at $8.44 per share and revenue at $22.65 billion, indicating increases of +17.88% and +8.48% respectively from the previous year [4] - Recent analyst estimate revisions suggest positive sentiment regarding Quanta Services' business and profitability, which are believed to correlate with near-term stock movements [5][6] - Quanta Services currently has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 32.78, which is higher than the industry average of 19.17 [6][7] Group 3 - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [7][8] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks within the industry, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Industry Overview - The Engineering - R and D Services industry is part of the Construction sector and has a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [1] Company Performance - Quanta Services (PWR) closed at $269.32, reflecting a +0.76% change from the previous trading day's close, outperforming the S&P 500, which fell by 0.11% [2] - Quanta Services is projected to report earnings of $1.87 per share, indicating a year-over-year growth of 13.33%, with expected quarterly revenue of $5.52 billion, up 9.43% from the previous year [3] - Over the past month, Quanta Services' shares have depreciated by 1.07%, outperforming the Construction sector's loss of 3.22% but lagging behind the S&P 500's gain of 3.51% [7] Analyst Estimates - Recent modifications to analyst estimates for Quanta Services suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Consensus Estimates predict earnings of $8.44 per share and revenue of $22.65 billion for the fiscal year, reflecting changes of +17.88% and +8.48% respectively from the previous year [8] - The Zacks Consensus EPS estimate has increased by 0.17% over the past month, indicating positive sentiment among analysts [5] Valuation Metrics - Quanta Services is currently trading at a Forward P/E ratio of 31.66, which is a premium compared to the industry average Forward P/E of 19.31 [10]

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Company Participation in Conferences - Quanta Services, Inc. will participate in two institutional investor conferences in May 2024: the Bernstein Strategic Decisions Conference and the KeyBanc Capital Markets Industrials & Basic Materials Conference [1][3] - At the Bernstein conference on May 29, 2024, CEO Duke Austin and CFO Jayshree Desai will engage in a fireside chat hosted by Bernstein analyst Chad Dillard, which will be broadcast live [2] - The KeyBanc conference will take place on May 30, 2024, where the same executives will meet with institutional investors [3] Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various sectors including utility, renewable energy, communications, pipeline, and energy industries [4] - The company offers a comprehensive range of services such as designing, installing, repairing, and maintaining energy and communications infrastructure [4] - Quanta operates in the United States, Canada, Australia, and select international markets, possessing the manpower, resources, and expertise to handle projects of varying scopes [4]

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Core Insights - The focus is on selecting high-growth dividend stocks that have rapidly increased their dividends in the recent past and are expected to continue growing their earnings at a fast pace [1][16] - There are two main categories of dividend stocks: High Growth Low Yield (HGLY) and Low Growth High Yield (LGHY), catering to different investor needs [2][3] - A structured portfolio approach is recommended, allowing for a maximum of 20 stocks, with periodic monitoring and adjustments based on performance [4] Stock Selection Criteria - Stocks must have a market cap greater than $10 billion, a dividend yield above 1%, and a daily average volume exceeding 100,000 [5] - Additional criteria include a history of positive dividend growth over the past five years and a preference for a minimum of five years of consistent dividend growth [5][6] - A modified Quality Score (HGQS) is calculated based on factors such as EPS growth, dividend growth history, and debt ratios to identify high-growth candidates [6][10] Portfolio Construction - The portfolio should be diversified across various sectors, with a maximum of 20 positions, and new stocks should be added based on monthly reports [4][12] - The final selection of stocks aims to represent a diverse range of sectors while maintaining a focus on high growth potential [12][17] - The methodology allows for some stocks to repeat in the selection process, indicating their sustained quality and growth potential [12] Performance Analysis - A model portfolio of selected high-growth stocks is compared against benchmarks like the Vanguard Dividend Appreciation Index Fund ETF and the S&P 500 to assess performance [13][14] - Monthly performance comparisons help in evaluating the effectiveness of the investment strategy over time [14] Concluding Remarks - The article emphasizes the importance of selecting high-growth dividend stocks, which typically have lower current yields but significant growth potential [16] - The current market conditions suggest that many selected stocks are trading near their 52-week highs, indicating a potential risk for conservative investors [16]

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