Quanta Services Inc. (NYSE: PWR) has reported earnings for its first fiscal quarter (ending March 31) of $0.81 versus $0.66 for the same period a year ago — an increase of 23%. However, this result fell short of the consensus estimate of $1.68 by $-0.87. For the latest four quarters through March 31, E.P.S. were $5.28 versus $3.50 for the same period a year ago — an increase of 51%.
Recent Price Action
Quanta Services Inc. (NYSE: PWR) stock closed at $255.00 on 5/2/24 after a slight decline of -0.4%. Moreover, unusually high trading volume at 162% of normal accompanied the decline. The stock has risen 0.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PWR’s future returns on capital are forecasted to be above 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Quanta Services has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
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.
Be the first to comment