We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Quanta Services (PWR) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Quanta Services (PWR - Free Report) closed at $447.64 in the latest trading session, marking a +2.42% move from the prior day. This change outpaced the S&P 500's 0.26% gain on the day. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.25%.
The stock of specialty contractor for utility and energy companies has risen by 5.51% in the past month, leading the Construction sector's gain of 3.26% and the S&P 500's gain of 1.57%.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. The company is expected to report EPS of $3, up 2.04% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.31 billion, up 11.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.59 per share and a revenue of $27.95 billion, indicating changes of +18.06% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Quanta Services. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.31% upward. Quanta Services presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Quanta Services is at present trading with a Forward P/E ratio of 35.21. This indicates a premium in contrast to its industry's Forward P/E of 24.61.
Investors should also note that PWR has a PEG ratio of 1.94 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Engineering - R and D Services industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quanta Services (PWR) Rises Higher Than Market: Key Facts
Quanta Services (PWR - Free Report) closed at $447.64 in the latest trading session, marking a +2.42% move from the prior day. This change outpaced the S&P 500's 0.26% gain on the day. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.25%.
The stock of specialty contractor for utility and energy companies has risen by 5.51% in the past month, leading the Construction sector's gain of 3.26% and the S&P 500's gain of 1.57%.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. The company is expected to report EPS of $3, up 2.04% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.31 billion, up 11.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.59 per share and a revenue of $27.95 billion, indicating changes of +18.06% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Quanta Services. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.31% upward. Quanta Services presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Quanta Services is at present trading with a Forward P/E ratio of 35.21. This indicates a premium in contrast to its industry's Forward P/E of 24.61.
Investors should also note that PWR has a PEG ratio of 1.94 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Engineering - R and D Services industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.