Yahoo Finance Why Quanta Services (PWR) is a Top Stock for the Long-Term
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to 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.
On December 23, 2021, PWR was added to the Zacks Focus List at $111.52 per share. Shares have increased 147.98% to $276.55 since then.
For fiscal 2024, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $8.44. PWR boasts an average earnings surprise of 4.7%.
Additionally, Quanta Services' earnings are expected to grow 17.9% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like PWR, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
