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Quanta Services Inc.

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Shares of Quanta Services have underperformed the industry in past one-year time frame. Earnings estimates for 2018 have remained unchanged over the past 60 days, limiting stock’s upside potential. Softer-than-expected margin performance of the oil and gas segment (down 350 bps in the second quarter) due to harsh weather conditions raises concern. Also, lower contribution of a larger project also added to the woes. That said, the company remains optimistic about the second half of 2018 as base business activity seasonally increases and larger pipeline projects speed up the pace. Again, its communications infrastructure services business is also anticipated to benefit from present industry trends. Quanta Services is actively pursuing opportunities with various U.S. telecom and cable MSOs. Moreover, Quanta Services is experiencing solid prospects in its electric power segment.

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