Quanta Services Inc. (NYSE: PWR) has reported earnings for its second fiscal quarter (ending June 30) of $1.28 versus $1.14 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.43 versus $4.03 for the same period a year ago.
Recent Price Action
Quanta Services Inc. (NYSE: PWR) stock declined by -4.0% on 8/1/24. The shares closed at $254.88. Moreover, trading volume in this decline was unusually high at 175% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
PWR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Quanta Services has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Quanta Services has a slightly negative Appreciation Score of 37 but a very high Power Rating of 98, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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