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Why Quanta Services (PWR) Dipped More Than Broader Market Today
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In the latest close session, Quanta Services (PWR - Free Report) was down 1.53% at $632.40. The stock trailed the S&P 500, which registered a daily loss of 1.09%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 2.15%.
The specialty contractor for utility and energy companies's stock has climbed by 4.16% in the past month, exceeding the Construction sector's loss of 2.45% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of Quanta Services in its upcoming earnings disclosure. The company's earnings report is set to go public on October 29, 2026. It is anticipated that the company will report an EPS of $5.01, marking a 50.45% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.99 billion, indicating a 43.95% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.7 per share and revenue of $39.41 billion, indicating changes of +55.35% and +38.37%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Quanta Services should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.24% higher within the past month. Quanta Services is currently a Zacks Rank #3 (Hold).
Investors should also note Quanta Services's current valuation metrics, including its Forward P/E ratio of 38.47. Its industry sports an average Forward P/E of 22.28, so one might conclude that Quanta Services is trading at a premium comparatively.
We can also see that PWR currently has a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Engineering - R and D Services industry held an average PEG ratio of 1.1.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Why Quanta Services (PWR) Dipped More Than Broader Market Today
In the latest close session, Quanta Services (PWR - Free Report) was down 1.53% at $632.40. The stock trailed the S&P 500, which registered a daily loss of 1.09%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 2.15%.
The specialty contractor for utility and energy companies's stock has climbed by 4.16% in the past month, exceeding the Construction sector's loss of 2.45% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of Quanta Services in its upcoming earnings disclosure. The company's earnings report is set to go public on October 29, 2026. It is anticipated that the company will report an EPS of $5.01, marking a 50.45% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.99 billion, indicating a 43.95% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.7 per share and revenue of $39.41 billion, indicating changes of +55.35% and +38.37%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Quanta Services should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.24% higher within the past month. Quanta Services is currently a Zacks Rank #3 (Hold).
Investors should also note Quanta Services's current valuation metrics, including its Forward P/E ratio of 38.47. Its industry sports an average Forward P/E of 22.28, so one might conclude that Quanta Services is trading at a premium comparatively.
We can also see that PWR currently has a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Engineering - R and D Services industry held an average PEG ratio of 1.1.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.