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Here's Why Quanta Services (PWR) Fell More Than Broader Market
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Quanta Services (PWR - Free Report) closed at $546.43 in the latest trading session, marking a -1.09% move from the prior day. This change lagged the S&P 500's daily loss of 0.52%. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Prior to today's trading, shares of the specialty contractor for utility and energy companies had lost 14.15% lagged the Construction sector's loss of 6.53% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Quanta Services will be of great interest to investors. The company's earnings report is expected on October 29, 2026. In that report, analysts expect Quanta Services to post earnings of $5.01 per share. This would mark year-over-year growth of 50.45%. At the same time, our most recent consensus estimate is projecting a revenue of $10.99 billion, reflecting a 43.95% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.7 per share and revenue of $39.41 billion. These totals would mark changes of +55.35% and +38.37%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Quanta Services. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Quanta Services presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Quanta Services is currently being traded at a Forward P/E ratio of 33.09. This signifies a premium in comparison to the average Forward P/E of 21.3 for its industry.
It's also important to note that PWR currently trades at a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Engineering - R and D Services industry stood at 1.13 at the close of the market yesterday.
The Engineering - R and D Services industry is part of the Construction sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Here's Why Quanta Services (PWR) Fell More Than Broader Market
Quanta Services (PWR - Free Report) closed at $546.43 in the latest trading session, marking a -1.09% move from the prior day. This change lagged the S&P 500's daily loss of 0.52%. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Prior to today's trading, shares of the specialty contractor for utility and energy companies had lost 14.15% lagged the Construction sector's loss of 6.53% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Quanta Services will be of great interest to investors. The company's earnings report is expected on October 29, 2026. In that report, analysts expect Quanta Services to post earnings of $5.01 per share. This would mark year-over-year growth of 50.45%. At the same time, our most recent consensus estimate is projecting a revenue of $10.99 billion, reflecting a 43.95% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.7 per share and revenue of $39.41 billion. These totals would mark changes of +55.35% and +38.37%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Quanta Services. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Quanta Services presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Quanta Services is currently being traded at a Forward P/E ratio of 33.09. This signifies a premium in comparison to the average Forward P/E of 21.3 for its industry.
It's also important to note that PWR currently trades at a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Engineering - R and D Services industry stood at 1.13 at the close of the market yesterday.
The Engineering - R and D Services industry is part of the Construction sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.