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Why the Market Dipped But Quanta Services (PWR) Gained Today
Quanta ServicesQuanta Services(US:PWR) ZACKSยท2025-01-11 00:01

Company Performance - Quanta Services (PWR) closed at $313.48, marking a +0.41% move from the prior day, outperforming the S&P 500 which lost 1.54% [1] - Over the past month, shares of Quanta Services have depreciated by 7.11%, better than the Construction sector's loss of 10.47% and worse than the S&P 500's loss of 2.2% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $2.64, indicating a 29.41% growth compared to the same quarter last year [2] - Revenue is projected to be $6.62 billion, reflecting a 14.51% increase compared to the year-ago quarter [2] Analyst Estimates - Recent changes to analyst estimates for Quanta Services are noteworthy, as they often indicate shifts in near-term business trends [3] - Upbeat changes in estimates suggest a favorable outlook on the company's business health and profitability [3] Valuation Metrics - Quanta Services has a Forward P/E ratio of 30.5, which is a premium compared to the average Forward P/E of 19.48 for its industry [6] - The Engineering - R and D Services industry, part of the Construction sector, currently holds a Zacks Industry Rank of 139, placing it in the bottom 45% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Quanta Services currently holds a Zacks Rank of 2 (Buy) [5] - The Zacks Consensus EPS estimate has remained stagnant over the past month, suggesting stability in expectations [5]