Quanta Services, Inc.’s Stock Price Dips to $254.09, Marking a 4.86% Decline: Time to Buy?

Quanta Services, Inc. (PWR)

254.09 USD -12.97 (-4.86%) Volume: 2.16M

Quanta Services, Inc.’s stock price stands at 254.09 USD, experiencing a trading session dip of -4.86%, with a trading volume of 2.16M. Despite the session’s downturn, the stock maintains a positive YTD change of +17.74%, highlighting its strong performance in the market.

Latest developments on Quanta Services, Inc.

Quanta Services Inc. (NYSE:PWR) has been making waves in the stock market recently, outperforming the Nasdaq and surpassing market expectations. Shareholders have seen impressive growth, with a 48% CAGR over the last five years, making it a top growth stock for long-term investors. Despite Q3 earnings meeting expectations, revenues fell short, causing the stock to underperform compared to competitors. However, financial analysts remain optimistic about Quanta Services, providing valuable insights for potential investors. With construction and engineering stocks showing positive results in Q1, Quanta Services continues to be a benchmark for the industry. For those who invested $1000 in Quanta Services 20 years ago, the returns today would be significant, highlighting the company’s strong performance over time.

Quanta Services, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on Quanta Services, Inc., citing the company’s strong performance in Q1 2024. The company saw double-digit growth in revenue, adjusted EBITDA, earnings per share, and cash flow. With a total backlog of $29.9 billion, Quanta Services is expected to benefit from the increased demand for data centers and new technologies like artificial intelligence. This positive momentum is further supported by federal and state policies driving an accelerated energy transition.

Furthermore, Baptista Research‘s analysis on Smartkarma indicates that Quanta Services, Inc. continues to impress with its financial performance. The company reported double-digit growth in revenues and earnings for the fourth quarter and full year of 2023. With a total year-end backlog of $30.1 billion, Quanta Services demonstrates enduring client relationships and solid execution. Record revenue achievements over the past years, along with a strong operational and financial platform, position the company well for future growth and success.

A look at Quanta Services, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Quanta Services, a company specializing in contracting services for various industries, has received a mixed outlook based on Smartkarma Smart Scores. With a Growth score of 3 and a Resilience score of 3, the company shows potential for expansion and stability in the long term. Additionally, a Momentum score of 4 indicates strong market performance. However, with Value and Dividend scores both at 2, Quanta Services may not be seen as a strong investment option for those seeking high value or dividend returns.

Despite the lower Value and Dividend scores, Quanta Services appears to have a promising future with its solid Growth, Resilience, and Momentum scores. The company’s specialization in contracting services for electric utilities, telecommunication operators, and governmental entities positions it well for continued success. Operating projects throughout North America, Quanta Services is likely to see continued growth and stability in the long term, making it a company to watch in the contracting services industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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