Tetra Tech (TTEK) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.90%. A quarter ago, it was expected that this consulting and engineering services company would post earnings of $0.4 per share when it actually produced earnings of $0.45, delivering a surprise of +12.5%.Over the l ...

Shares of Quanta Services (PWR) have been strong performers lately, with the stock up 8.1% over the past month. The stock hit a new 52-week high of $483.29 in the previous session. Quanta Services has gained 11.1% since the start of the year compared to the 11.1% gain for the Zacks Construction sector and the 18.5% return for the Zacks Engineering - R and D Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Esti ...

Quanta Services (PWR) closed the most recent trading day at $473.24, moving +2.1% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.16%. Meanwhile, the Dow experienced a rise of 1.21%, and the technology-dominated Nasdaq saw an increase of 1.18%. Coming into today, shares of the specialty contractor for utility and energy companies had gained 6.5% in the past month. In that same time, the Construction sector gained 5.32%, while the S&P 500 lost 0.42%. Investors will be eage ...

Key Takeaways PWR posted a record $39.2B backlog, up from $33.96B a year ago, signaling strong demand across end markets.Backlog growth is diversified, reducing dependence on any single project and smoothing revenue timing.Regulated utility and power projects follow defined phases, giving PWR clearer visibility into revenues.Quanta Services, Inc. (PWR) is seeing improved demand visibility as utility and power infrastructure spending remains steady. Recent project activity points to a more consistent flow of ...

Core Insights - Quanta Services, Inc. (PWR) has shown strong earnings momentum with a 22.4% increase in earnings per share (EPS) in Q3 2025, following year-over-year growth of 30.5% and 26.2% in Q1 and Q2 respectively, supported by a record backlog of $39.2 billion [1][10] Financial Performance - The company anticipates adjusted EPS for 2025 to be between $10.33 and $10.83, with guidance for continued double-digit EPS growth in 2026, driven by backlog momentum and favorable market trends [4] - Quanta's earnings estimate for 2026 has increased by 2% year-over-year, with projected revenue growth of 11.6% [16] Business Segments - The Electric Infrastructure Solutions segment is the main growth driver, benefiting from increased investments in grid modernization, power generation, renewable energy, and data-center infrastructure [2] - The launch of the Total Solutions power generation platform enhances market reach and customer relationships, reducing execution risk and supporting margin stability [3] Competitive Landscape - Compared to MYR Group and MasTec, Quanta's diversified model and record backlog provide stronger visibility for sustained double-digit EPS growth [6][8] - MYR Group, while benefiting from utility programs, faces earnings volatility due to its narrower scale and project timing [7] - MasTec has significant exposure to renewables and infrastructure spending but experiences more sensitivity to execution risks [8] Market Performance - Quanta's shares have increased by 14.9% over the past six months, outperforming the Zacks Engineering - R and D Services industry's growth of 2.9% [11] - Quanta trades at a forward price-to-earnings ratio of 35.56X, higher than the industry average of 23.89X [14]

Core Insights - Sterling Infrastructure, Inc. (STRL) has shifted focus from low-bid projects to large, mission-critical developments, particularly in the data center market, which has become a key growth driver with triple-digit revenue growth year over year [1][9] Financial Performance - The company's profitability metrics have improved significantly, with gross margins expanding due to a better project mix, tighter risk controls, and improved pricing discipline [2] - Stronger operating cash flow generation has provided financial flexibility for debt reduction, share repurchases, and strategic acquisitions [2] Project Strategy - Disciplined project selection has led to a sharp increase in backlog, primarily driven by the E-Infrastructure segment, providing multiyear revenue visibility [3] - The selective bidding strategy has resulted in higher margins, stronger cash flows, and improved returns on capital, reinforcing the importance of project selection in Sterling's performance [4] Competitive Landscape - Sterling faces competition from key players like Quanta Services, Inc. and EMCOR Group, Inc., with Quanta focusing on power generation and EMCOR on mechanical and electrical contracting services [5][6] - Sterling differentiates itself by combining site development with mission-critical electrical services, allowing for faster revenue conversion and higher growth exposure to data center demand [7] Stock Performance and Valuation - STRL shares have increased by 34.9% over the past six months, outperforming the Zacks Engineering - R and D Services industry, the broader Construction sector, and the S&P 500 Index [8] - The stock is currently trading at a premium with a forward 12-month price-to-earnings (P/E) ratio of 26.65 [11] Earnings Estimates - Earnings estimates for 2025 and 2026 imply year-over-year growth of 71% and 14.6%, respectively, with current estimates remaining unchanged over the past 60 days [12]

Core Insights - KBR, Inc. has been selected by Coastal Bend LNG, in partnership with Tecnicas Reunidas, to perform the front-end engineering and design (FEED) for a new natural gas liquefaction and export facility on the Texas Gulf Coast, leading to a 0.4% increase in KBR's shares in pre-market trading [1] Overview of the New Contract - The initial phase of the project will focus on FEED, with plans to advance to the engineering, procurement, and construction (EPC) phase upon a positive final investment decision [2] - The collaboration will utilize ConocoPhillips' Optimized Cascade Process to design multiple large-scale LNG production trains, aiming for cost-competitive LNG production while minimizing greenhouse gas emissions [2] Industry Position and Expertise - KBR leverages over five decades of LNG expertise to design energy infrastructure that is efficient and scalable, aligning with global energy demand [3] - The partnership aims to set a new standard for low-carbon LNG production by optimizing economic performance and efficiency while reducing carbon intensity [3] Backlog Growth and Market Conditions - KBR's backlog reached $23.35 billion by the end of Q3 FY25, reflecting a 5.6% year-over-year increase and a 13.5% rise from FY24, supported by a book-to-bill ratio of 1.4x [5] - Growth is driven by notable awards in LNG-related FEED work, including projects in Indonesia and additional contracts in Iraq, Kuwait, and the UAE, highlighting KBR's strong position in LNG-led energy infrastructure [5] Stock Performance - KBR's stock has increased by 3.3% over the past month, outperforming the Zacks Engineering - R and D Services industry, which grew by 0.8% [6] - The stock performance reflects resilience in U.S. programs and strong international momentum, although near-term prospects are affected by delays in new contract awards and slower U.K. defense funding [6]

Company Performance - Quanta Services (PWR) closed at $422.57, marking a +2.28% move from the previous day, outperforming the S&P 500 which gained 0.65% [1] - The company’s shares have lost 11.51% in the past month, while the Construction sector gained 0.07% and the S&P 500 gained 1.15% [2] Earnings Projections - The upcoming EPS for Quanta Services is projected at $3, indicating a 2.04% increase compared to the same quarter of the previous year, with quarterly revenue expected to be $7.31 billion, up 11.57% from the year-ago period [3] - For the full year, earnings are projected at $10.59 per share and revenue at $27.95 billion, representing changes of +18.06% and 0% respectively from the prior year [4] Analyst Estimates and Rankings - Recent changes to analyst estimates for Quanta Services reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system currently rates Quanta Services at 3 (Hold), with an unchanged EPS estimate over the last 30 days [6] Valuation Metrics - Quanta Services has a Forward P/E ratio of 33.37, indicating a premium compared to its industry's Forward P/E of 23.99 [7] - The company has a PEG ratio of 1.84, compared to the Engineering - R and D Services industry average PEG ratio of 1.7 [8] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 103, placing it in the top 43% of all 250+ industries [9]

Group 1: Company Overview - Cemex (CX) is a notable stock in the Construction sector, which consists of 93 individual stocks ranked 16 in the Zacks Sector Rank [2] - Cemex currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - The Zacks Consensus Estimate for Cemex's full-year earnings has increased by 15.7% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] - Year-to-date, Cemex has gained approximately 6.8%, outperforming the average gain of 4.7% for the Construction sector [4] Group 3: Industry Comparison - Cemex is part of the Building Products - Concrete and Aggregates industry, which includes 5 companies and is currently ranked 110 in the Zacks Industry Rank [6] - The Building Products - Concrete and Aggregates industry has seen a year-to-date gain of about 24.7%, indicating that Cemex is slightly underperforming its industry peers [6] Group 4: Competitor Analysis - Tetra Tech (TTEK), another stock in the Construction sector, has a year-to-date return of 5.8% and also holds a Zacks Rank of 2 (Buy) [5] - Tetra Tech belongs to the Engineering - R and D Services industry, which is ranked 103 and has moved up by 7.6% year to date [7]

Core Insights - Quanta Services, Inc. (PWR) is experiencing significant backlog growth driven by renewable and storage projects as utilities increase investments in flexible and reliable power infrastructure [1][8] - The U.S. power market is evolving, with utilities increasingly relying on renewables and battery storage to manage load growth and enhance grid stability [1][4] Backlog and Demand - As of Q3 2025, PWR's backlog reached a record $39.2 billion, up from $33.96 billion a year earlier, indicating strong demand visibility across end markets [3] - Renewable and storage projects are a significant contributor to this backlog expansion, enhancing the overall project mix while maintaining balance [3][4] - Remaining performance obligations rose to $21 billion, providing insight into future committed work scheduled for execution [3] Market Activity - Renewable and storage activity remained robust in Q3 2025, supported by ongoing utility spending [2] - Renewable projects are progressing from early-stage notices to executable work, while battery storage demand remains firm to balance generation and manage peak loads [2][4] Competitive Landscape - MasTec, Inc. (MTZ) and Fluor Corporation (FLR) are notable competitors in adjacent markets, with MasTec focusing on power delivery and renewable generation, but with a more diversified portfolio that may dilute focus [5] - Fluor competes on large-scale EPC projects but carries higher execution risk and less self-performed craft labor, which may limit its ability to provide end-to-end certainty compared to PWR's integrated model [6] Financial Performance - PWR's shares have gained 8.7% in the past six months, outperforming the Zacks Engineering - R and D Services industry's growth of 2.1% [7] - The company trades at a forward 12-month price-to-earnings ratio of 33.25X, higher than the industry's 23.77X [10] - Earnings estimates for 2026 have increased, indicating expected earnings growth of 16.9% year over year on projected revenue growth of 11% [11]