Yahoo Finance Why Quanta Services (PWR) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Quanta Services (PWR)
Quanta is a leading national provider of specialty contracting services, and one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry. Quanta has operations in the United States, Canada, Australia and other selected international markets.
PWR is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 17.6% year-over-year for the current fiscal year, with sales growth of 8.5%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.10 to $8.42 per share. PWR boasts an average earnings surprise of 4.7%.
On a historic basis, Quanta Services has generated cash flow growth of 20%, and is expected to report cash flow expansion of 5.3% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, PWR should be on investors' short lists.
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
