Quanta Services (PWR) Ascends While Market Falls: Some Facts to Note

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]