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.
Quanta Services (PWR) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Quanta Services (PWR - Free Report) closed at $328.06, marking a +0.47% move from the previous day. The stock lagged the S&P 500's daily gain of 0.55%. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq added 1.24%.
Market participants will be closely following the financial results of Quanta Services in its upcoming release. The company is expected to report EPS of $2.64, up 29.41% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.62 billion, up 14.51% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Quanta Services. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Quanta Services currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Quanta Services is currently being traded at a Forward P/E ratio of 31.89. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quanta Services (PWR) Gains But Lags Market: What You Should Know
In the latest trading session, Quanta Services (PWR - Free Report) closed at $328.06, marking a +0.47% move from the previous day. The stock lagged the S&P 500's daily gain of 0.55%. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq added 1.24%.
Market participants will be closely following the financial results of Quanta Services in its upcoming release. The company is expected to report EPS of $2.64, up 29.41% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.62 billion, up 14.51% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Quanta Services. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Quanta Services currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Quanta Services is currently being traded at a Forward P/E ratio of 31.89. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.