Taking on analysts’ expectations and winning: Quanta Services, Inc. (PWR)

With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $270.37 whereas the lowest price it dropped to was $263.37. The 52-week range on PWR shows that it touched its highest point at $286.87 and its lowest point at $153.74 during that stretch. It currently has a 1-year price target of $289.25. With its current market cap of 39.56 billion, PWR has annualized dividend of $0.35 while the current yield stands at 0.13%. Beta for the stock currently stands at 1.02.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PWR was up-trending over the past week, with a rise of 6.81%, but this was up by 2.48% over a month. Three-month performance dropped to -3.00% while six-month performance rose 11.03%. The stock gained 31.30% in the past year, while it has gained 24.42% so far this year. A look at the trailing 12-month EPS for PWR yields 5.30 with Next year EPS estimates of 10.14. For the next quarter, that number is 2.74. This implies an EPS growth rate of 20.45% for this year and 17.54% for next year. EPS is expected to grow by 17.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.34%.

Float and Shares Shorts:

At present, 147.33 million PWR shares are outstanding with a float of 145.60 million shares on hand for trading. On 2024-08-30, short shares totaled 3.92 million, which was 266.00001 higher than short shares on 1722384000. In addition to Mr. Earl C. Austin Jr. as the firm’s President, CEO & Director, Ms. Jayshree S. Desai serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.9404 of PWR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PWR reported revenue of $5594387000.0 and operating income of $299761000.0. The EBITDA in the recently reported quarter was $476386000.0 and diluted EPS was $1.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PWR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.