Quanta Services stock dipped -1.23% while outperforming sector and S&P 500, with positive analyst estimates.

From Nasdaq: 2024-06-14 18:00:11

In the most recent trading session, Quanta Services (PWR) saw a -1.23% shift to $273.29, while the S&P 500 closed with a 0.04% loss. Over the past month, the stock has risen by 4.88%, outperforming the Construction sector’s 2.34% loss and the S&P 500’s 4.15% gain.

Analysts anticipate Quanta Services to report earnings of $1.87 per share, a 13.33% year-over-year growth, with revenue projected at $5.52 billion, a 9.43% increase. The Zacks Consensus Estimates predict full-year earnings of $8.44 per share and revenue of $22.65 billion, representing changes of +17.88% and +8.48% respectively from the prior year.

Recent analyst estimate changes indicate positive trends for Quanta Services, reflecting optimism about the company’s business and profitability. The Zacks Rank, a reliable quantitative model, ranges from #1 (Strong Buy) to #5 (Strong Sell), with Quanta Services currently ranked at #3 (Hold).

Investors should take note of Quanta Services’s Forward P/E ratio of 32.77, a premium compared to the industry average of 19.13. The Engineering – R and D Services industry, part of the Construction sector, is currently ranked 48 out of over 250 industries. Utilize Zacks.com for real-time updates on stock performance metrics.

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Read more at Nasdaq: Quanta Services (PWR) Dips More Than Broader Market: What You Should Know