In the latest close session, Quanta Services (PWR) was up +2.46% at $601.88. This change outpaced the S&P 500's 1.2% gain on the day. On the other hand, the Dow registered a gain of 1.79%, and the technology-centric Nasdaq increased by 1.52%.
Prior to today's trading, shares of the specialty contractor for utility and energy companies had gained 1.64% lagged the Construction sector's gain of 3.33% and the S&P 500's gain of 5.15%.
Investors will be eagerly watching for the performance of Quanta Services in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 30, 2026. On that day, Quanta Services is projected to report earnings of $2.11 per share, which would represent year-over-year growth of 18.54%. In the meantime, our current consensus estimate forecasts the revenue to be $7.03 billion, indicating a 12.74% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.1 per share and a revenue of $33.3 billion, representing changes of +21.86% and +16.92%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Quanta Services. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.15% higher. Quanta Services is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Quanta Services is holding a Forward P/E ratio of 44.84. This indicates a premium in contrast to its industry's Forward P/E of 26.67.
Meanwhile, PWR's PEG ratio is currently 2.43. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Engineering - R and D Services industry held an average PEG ratio of 1.98.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 61, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Quanta Services, Inc. (PWR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).