Quanta Services(US:PWR) ZACKSยท2024-06-13 23:57Group 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]