Alert: New Earnings Report (11/2/23)-Quanta Services Inc. (NYSE: PWR).


Quanta Services Inc. (NYSE: PWR) has reported earnings for its third fiscal quarter (ending September 30) of $1.88 versus $1.09 for the same period a year ago — an increase of 72%. However, this performance was $-0.23 short of the consensus estimate of $2.11. For the latest four quarters through September 30, E.P.S. were $4.82 compared to $3.02 a year ago — an increase of 60%.


Recent Price Action

Quanta Services Inc. (NYSE: PWR) stock enjoyed a very large increase of 9.7% on 11/2/23. The shares closed at $175.08. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.1% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, PWR 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 95, triggering the Positive Value Trend Rating.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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