Quanta Services (PWR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Quanta Services (PWR) closed at $263.36, reflecting a -1.51% change from the previous session, underperforming the S&P 500's loss of 1.07% [1] - The stock has decreased by 6.32% over the past month, which is better than the Construction sector's loss of 6.73% and the S&P 500's loss of 7.03% [1] Upcoming Earnings - Analysts expect Quanta Services to report an EPS of$ 1.72, representing a 21.99% increase year-over-year [2] - Revenue is anticipated to be $5.89 billion, indicating a 17.03% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are projected at$ 10.18 per share and revenue at $26.9 billion, reflecting increases of +13.49% and +13.64% respectively from the previous year [3] Analyst Revisions - Recent changes to analyst estimates for Quanta Services suggest positive short-term business trends, which are generally viewed as favorable for the company's outlook [3] Zacks Rank and Performance - Quanta Services has a Zacks Rank of 3 (Hold), with the consensus EPS projection having increased by 0.46% in the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - Quanta Services is currently trading at a Forward P/E ratio of 26.28, which is higher than the industry average of 16.76, indicating a premium valuation [6] - The company has a PEG ratio of 1.99, compared to the industry average of 1.27, suggesting a higher expected earnings growth rate relative to its price [7] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [8] - Strong industry rankings correlate with better performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]