Quanta Services (PWR) reportedly achieved record results during Q4 2024. Analysts delivered new forecasts following the company’s announcement of its annual results. Roth MKM initiated coverage of PWR, giving it a buy recommendation. Sharp earnings increases and strategic growth initiatives were highlighted in the firm’s Q4 earnings call. Insiders, however, sold $67M in stock, potentially indicating caution.
An investment of $1,000 in PWR five years ago would have reported a significant return today. Analysts from Bernstein reiterated confidence in the stock with a target of $347. Upon strong Q4 earnings and a positive outlook, PWR stock experienced a rally. Despite a slight decline in the market, PWR surpassed Q4 earnings estimates and experienced 8.6% growth in stock. The firm also issued strong FY25 guidance.
The company expressed confidence in its growth outlook for 2025 while some analysts expressed caution based on the firm’s Q4 earnings. A significant increase in the stock price was observed despite the company's slight miss on Q4 revenue estimates. Quanta Services ended 2024 on a high note, beating EPS estimates with record Q4 results.
Quanta Services PWR News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:26:04 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -3
