Quanta Services Inc. (NYSE: PWR) has reported E.P.S. of $1.99 for its third fiscal quarter (ending September 30) versus $1.88 for the same period a year ago — an increase of 6%. For the latest four quarters through September 30, E.P.S. were $5.54 versus $4.82 for the same period a year ago — an increase of 15%.
Recent Price Action
On 10/31/24, Quanta Services Inc. (NYSE: PWR) stock declined by -3.2%, closing at $301.63. Moreover, exceptionally high trading volume at 207% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.6% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Quanta Services has a slightly negative Appreciation Score of 33 but a very high Power Rating of 94, 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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