Quanta Services(US:PWR) ZACKSยท2024-06-21 23:20Company Performance - Quanta Services (PWR) closed at $274, with a slight increase of +0.01%, outperforming the S&P 500 which fell by 0.16% [1] - The stock has experienced a decline of 0.93% over the past month, underperforming the Construction sector's loss of 4.52% and the S&P 500's gain of 3.15% [6] Earnings and Revenue Estimates - Zacks Consensus Estimates forecast earnings of $8.44 per share and revenue of $22.65 billion for the year, reflecting increases of +17.88% and +8.48% respectively compared to the previous year [2] - Upcoming earnings per share (EPS) is projected at $1.87, indicating a 13.33% increase year-over-year, with revenue expected to reach $5.52 billion, up 9.43% from the prior-year quarter [7] Valuation Metrics - Quanta Services is currently trading at a Forward P/E ratio of 32.45, which is a premium compared to the industry's average Forward P/E of 19.88 [4] Industry Ranking - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [11] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5] Analyst Sentiment - Recent revisions to analyst forecasts for Quanta Services are crucial as they reflect short-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [8] - Quanta Services currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [9]