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.
Is Quanta Services (PWR) Stock Outpacing Its Construction Peers This Year?
Read MoreHide Full Article
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Quanta Services (PWR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Quanta Services is a member of our Construction group, which includes 92 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Quanta Services is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PWR's full-year earnings has moved 19.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PWR has returned 51.5% so far this year. In comparison, Construction companies have returned an average of 7%. As we can see, Quanta Services is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Tutor Perini (TPC - Free Report) . The stock is up 36.2% year-to-date.
In Tutor Perini's case, the consensus EPS estimate for the current year increased 5.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Quanta Services belongs to the Engineering - R and D Services industry, which includes 23 individual stocks and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 23.3% so far this year, so PWR is performing better in this area.
Tutor Perini, however, belongs to the Building Products - Heavy Construction industry. Currently, this 9-stock industry is ranked #67. The industry has moved +16.7% so far this year.
Investors interested in the Construction sector may want to keep a close eye on Quanta Services and Tutor Perini as they attempt to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is Quanta Services (PWR) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Quanta Services (PWR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Quanta Services is a member of our Construction group, which includes 92 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Quanta Services is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PWR's full-year earnings has moved 19.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PWR has returned 51.5% so far this year. In comparison, Construction companies have returned an average of 7%. As we can see, Quanta Services is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Tutor Perini (TPC - Free Report) . The stock is up 36.2% year-to-date.
In Tutor Perini's case, the consensus EPS estimate for the current year increased 5.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Quanta Services belongs to the Engineering - R and D Services industry, which includes 23 individual stocks and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 23.3% so far this year, so PWR is performing better in this area.
Tutor Perini, however, belongs to the Building Products - Heavy Construction industry. Currently, this 9-stock industry is ranked #67. The industry has moved +16.7% so far this year.
Investors interested in the Construction sector may want to keep a close eye on Quanta Services and Tutor Perini as they attempt to continue their solid performance.