The market is showing optimism around Quanta Services Inc. (PWR), with its stock outperforming competitors, even on a strong trading day. Many financial institutions, including Evercore ISI and DA Davidson, have revised their price targets for Quanta Services, ranging up to $288.00. The company consistently reaffirmed its buy rating and met its Q3 earnings estimates. Despite selling shares, certain key players like M&T Bank Corp, the general sentiment remains bullish.
The company's earnings growth and price strength earned promising financial projections for the forthcoming years. For Q2 2024, earnings per share are expected to be around $1.23. Some analysts have identified Quanta Services as a strong growth stock citing its stellar start in 2024 and recent Q3 and Q4 earnings that surpassed estimates. Quanta's renewable energy deal has also driven up its market valuation. The company has also successfully attracted new investments and its strategic SWOT insight projects further growth.
Quanta Services PWR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Thu, 09 May 2024 22:22:26 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -2
