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Quanta Services (PWR) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Quanta Services (PWR - Free Report) closed at $559.02, marking a -1.39% move from the previous day. This change lagged the S&P 500's 0.61% loss on the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.93%.
Prior to today's trading, shares of the specialty contractor for utility and energy companies had gained 9.89% outpaced the Construction sector's loss of 10.92% and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. The company is predicted to post an EPS of $2.14, indicating a 20.22% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $7.11 billion, showing a 14.08% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.84 per share and a revenue of $33.28 billion, indicating changes of +19.44% and +16.85%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Quanta Services. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.03% increase. Right now, Quanta Services possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Quanta Services is currently exchanging hands at a Forward P/E ratio of 44.14. This indicates a premium in contrast to its industry's Forward P/E of 24.25.
It's also important to note that PWR currently trades at a PEG ratio of 2.4. 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 1.81 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 52, placing it within the top 22% 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.
To follow PWR in the coming trading sessions, be sure to utilize Zacks.com.
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Quanta Services (PWR) Dips More Than Broader Market: What You Should Know
In the latest trading session, Quanta Services (PWR - Free Report) closed at $559.02, marking a -1.39% move from the previous day. This change lagged the S&P 500's 0.61% loss on the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.93%.
Prior to today's trading, shares of the specialty contractor for utility and energy companies had gained 9.89% outpaced the Construction sector's loss of 10.92% and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. The company is predicted to post an EPS of $2.14, indicating a 20.22% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $7.11 billion, showing a 14.08% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.84 per share and a revenue of $33.28 billion, indicating changes of +19.44% and +16.85%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Quanta Services. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.03% increase. Right now, Quanta Services possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Quanta Services is currently exchanging hands at a Forward P/E ratio of 44.14. This indicates a premium in contrast to its industry's Forward P/E of 24.25.
It's also important to note that PWR currently trades at a PEG ratio of 2.4. 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 1.81 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 52, placing it within the top 22% 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.
To follow PWR in the coming trading sessions, be sure to utilize Zacks.com.