Quanta Services (PWR) Outperforms Market: Key Metrics and Analyst Predictions to Watch

In the latest trading session, Quanta Services (PWR) closed at $372.26, marking a +1.78% move from the previous day. This outpaced the S&P 500's daily gain of 1.11%, as well as the Dow's 1.19% increase and the Nasdaq's 1.43% addition.

Over the past month, PWR's shares have seen a significant increase of 9.06%, surpassing the Construction sector's gain of 2.35% and the S&P 500's gain of 3.92%. This upward trend is likely to continue as investors anticipate the company's upcoming earnings disclosure.

Investors are eagerly awaiting Quanta Services' earnings report, which is expected to show an EPS of $2.44, marking a 28.42% rise compared to the same quarter of the previous year. Additionally, the latest consensus estimate predicts revenue to be $6.53 billion, indicating a 16.73% increase compared to the same quarter of the previous year.

PWR's full-year Zacks Consensus Estimates call for earnings of $10.32 per share and revenue of $27.03 billion, representing year-over-year changes of +15.05% and +14.18%, respectively. These projections are supported by recent revisions in analyst estimates, which reflect positive business trends and analysts' confidence in the company's performance and profit potential.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), carries an impressive track record of exceeding expectations. Currently, Quanta Services is carrying a Zacks Rank of #3 (Hold). However, it's worth noting that a rise in the Zacks Consensus EPS estimate over the past month indicates potential for further gains in the stock.

In terms of valuation, Quanta Services is trading with a Forward P/E ratio of 35.43, which is a premium compared to its industry average Forward P/E of 19.64. Additionally, the company has a PEG ratio of 2.62, which takes into account the company's expected earnings growth rate. The average PEG ratio for the Engineering - R and D Services industry stood at 1.72 at market close yesterday.

The Engineering - R and D Services industry is part of the Construction sector and currently holds a Zacks Industry Rank of 88, placing it in the top 36% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of individual stocks within those groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1.

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In conclusion, Quanta Services (PWR) is a stock to watch as it continues to outperform its peers and industry averages, driven by strong earnings growth projections and positive analyst revisions. Stay tuned for more updates from Zacks Investment Research!