Quanta Services (PWR) Boasts Earnings & Price Momentum: Should You Buy?
Quanta Services (PWR) has been added to the Zacks Focus List, backed by nine analysts raising earnings estimates over the last 60 days. The consensus estimate now stands at $16.45 per share, reflecting expectations of 53% earnings growth for the current fiscal year.
The stock has delivered a 476.23% return since its December 2021 addition to the Focus List. PWR has beaten earnings expectations by an average of 17%, underscoring consistent upside surprise potential.
The specialty contracting and infrastructure solutions provider is riding strong earnings momentum, with analyst revisions pointing to continued operational strength. The combination of triple-digit percentage gains and forward growth projections above 50% positions PWR as a momentum play with fundamental support.