Shares of Quanta Services (PWR Quick QuotePWR - Free Report) 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 Estimate in each of the last four quarters. In its last earnings report on October 30, 2025, Quanta Services reported EPS of $3.33 versus consensus estimate of $3.25.

For the current fiscal year, Quanta Services is expected to post earnings of $12.41 per share on $27.95 in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $14.66 per share on $31.15 in revenues. This represents a year-over-year change of 17.23% and 11.44%, respectively.

Valuation Metrics

Quanta Services may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Quanta Services has a Value Score of D. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 37.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 25.1X. On a trailing cash flow basis, the stock currently trades at 35X versus its peer group's average of 15.5X. Additionally, the stock has a PEG ratio of 2.08. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Quanta Services currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Quanta Services fits the bill. Thus, it seems as though Quanta Services shares could have potential in the weeks and months to come.

How Does PWR Stack Up to the Competition?

Shares of PWR have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Fluor Corporation (FLR Quick QuoteFLR - Free Report) . FLR has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of D.

Earnings were strong last quarter. Fluor Corporation beat our consensus estimate by 54.55%, and for the current fiscal year, FLR is expected to post earnings of $2.25 per share on revenue of $15.57 billion.

Shares of Fluor Corporation have gained 11.4% over the past month, and currently trade at a forward P/E of 20.24X and a P/CF of 16.37X.

The Engineering - R and D Services industry is in the top 16% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PWR and FLR, even beyond their own solid fundamental situation.