Houston, TX-based Quanta Services, Inc. (PWR - Free Report) is a leading national provider of specialty contracting services. The company is one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry.
Investors should note that earnings estimates for PWR have remained unchanged in the last 60 days for 2019. The company has posted two positive earnings surprises in the past four quarters, resulting in a positive average surprise of 3.22%.
Currently, PWR has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PWR beat on earnings. The Zacks Consensus Estimate for earnings called for 91 cents per share, and the company reported adjusted earnings of 96 cents instead.
Revenues: PWR reported revenues of $3.11 billion. This surpassed the consensus estimate of $2.95 million.
Check back later for our full write up on this PWR earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Houston, TX-based Quanta Services, Inc. (PWR - Free Report) is a leading national provider of specialty contracting services. The company is one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry.
Investors should note that earnings estimates for PWR have remained unchanged in the last 60 days for 2019. The company has posted two positive earnings surprises in the past four quarters, resulting in a positive average surprise of 3.22%.
Currently, PWR has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PWR beat on earnings. The Zacks Consensus Estimate for earnings called for 91 cents per share, and the company reported adjusted earnings of 96 cents instead.
Revenues: PWR reported revenues of $3.11 billion. This surpassed the consensus estimate of $2.95 million.
Check back later for our full write up on this PWR earnings report later!
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on PWR - FREE