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Is Quanta Services (PWR) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2025-05-23 18:58
Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, which can lead to solid returns, but identifying such stocks is challenging due to inherent volatility and risks [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Quanta Services (PWR) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it signals strong future prospects [3] - Quanta Services has a historical EPS growth rate of 23.2%, with projected EPS growth of 15.1% this year, surpassing the industry average of 10.9% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without relying on external financing [5] - Quanta Services currently exhibits a year-over-year cash flow growth of 24.6%, exceeding the industry average of 17.2% [5] - The company's annualized cash flow growth rate over the past 3-5 years stands at 21.9%, compared to the industry average of 6.2% [6] Group 4: Earnings Estimate Revisions - Trends in earnings estimate revisions are crucial, with positive revisions correlating strongly with stock price movements [7] - Quanta Services has seen upward revisions in current-year earnings estimates, with a 1.3% increase in the Zacks Consensus Estimate over the past month [7] Group 5: Overall Assessment - Quanta Services holds a Zacks Rank of 2 and a Growth Score of B, indicating its potential as an outperformer and a solid choice for growth investors [9]
MYR Group Inc. to Attend 2025 Wells Fargo Industrials & Materials Conference in June
GlobeNewswire News Room· 2025-05-12 20:00
Core Insights - MYR Group Inc. is a holding company specializing in electrical contracting services in the U.S. and Canada, focusing on electric utility infrastructure and commercial construction [2] Group 1: Company Overview - MYR Group operates through two main business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I) [2] - The T&D segment provides services related to electric transmission, distribution networks, substations, clean energy projects, and electric vehicle charging infrastructure [2] - The C&I segment offers a wide range of services including design, installation, maintenance, and repair of wiring for various facilities such as airports, hospitals, data centers, and manufacturing plants [2] Group 2: Recent Developments - MYR Group will attend the 2025 Wells Fargo Industrials & Materials investor conference, where the CEO and CFO will meet with institutional investors [1]
Quanta Services (PWR) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-05-07 17:45
Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Quanta Services (PWR) is identified as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company operates as a specialty contractor for utility and energy companies, making it a strong growth pick [3] Group 2: Earnings Growth - Quanta Services has a historical EPS growth rate of 23.2%, with projected EPS growth of 14.8% this year, surpassing the industry average of 11% [4] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Quanta Services is 24.6%, significantly higher than the industry average of 12.8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 21.9%, compared to the industry average of 7.6% [6] Group 4: Earnings Estimate Revisions - Current-year earnings estimates for Quanta Services have been revised upward, with the Zacks Consensus Estimate increasing by 1% over the past month [8] Group 5: Investment Positioning - Quanta Services holds a Zacks Rank of 2 and a Growth Score of B, positioning it well for potential outperformance in the market [10]
MYR Group Inc. to Attend KeyBanc Industrials & Basic Materials Conference in May
Globenewswire· 2025-04-28 20:00
Group 1 - MYR Group Inc. is a holding company specializing in electrical contracting services in the United States and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [2] - The company will participate in the KeyBanc Industrials & Basic Materials investor conference on May 28, 2025, where its CEO and CFO will meet with institutional investors [1] - MYR Group's T&D segment offers comprehensive services including design, engineering, procurement, construction, upgrade, maintenance, and repair for electric transmission and distribution networks, as well as clean energy projects [2] Group 2 - The C&I segment of MYR Group provides a wide range of services for commercial and industrial wiring, including installations for airports, hospitals, data centers, and clean energy projects [2] - MYR Group's customer base includes investor-owned utilities, cooperatives, private developers, government-funded utilities, and general contractors [2] - The company emphasizes its expertise in completing electrical installations of various types and sizes, catering to diverse sectors [2]