From Nasdaq: 2024-06-07 18:00:12

In the latest trading session, Quanta Services (PWR) closed at $269.32, up by +0.76% from the previous day, outperforming the S&P 500, Dow, and Nasdaq. Over the past month, the stock has dropped by 1.07%, better than the Construction sector but lower than the S&P 500 increase of 3.51%.

Investors await Quanta Services’ upcoming earnings report, with projections of $1.87 earnings per share and $5.52 billion revenue for the quarter. Analysts indicate full-year earnings of $8.44 per share and $22.65 billion revenue. Recent estimate changes signal business trends and profitability outlook, impacting stock momentum.

Quanta Services holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 31.66. The Engineering – R and D Services industry, part of the Construction sector, ranks in the top 22% of all industries. Industries with higher Zacks Industry Ranks tend to outperform lower-ranked ones significantly.

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Witness Quanta Services’ stock ascent while the market falls and explore essential facts by reading this article on Zacks.com. Access free stock analysis reports and the latest recommendations from Zacks Investment Research for informed decision-making. Stay abreast of market trends and stock opportunities with Zacks Research.



Read more at Nasdaq: Quanta Services (PWR) Ascends While Market Falls: Some Facts to Note