Stock of Quanta Services Inc. (PWR) performance and profitability takes another direction

Quanta Services Inc. [PWR] stock is trading at $157.21, up 1.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The PWR shares have lost -2.08% over the last week, with a monthly amount glided 1.95%, and seem to be holding up well over a long-time horizon.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


On 23, February 2023, QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS. In a post published today on Yahoo Finance, Full-Year 2023 Guidance Reflects Solid Growth in Revenues and Opportunity for Double-Digit Growth in Net Income, Adjusted EBITDA, Cash Flow From Operations and Earnings Per Share.

From an analyst’s perspective:

Quanta Services Inc. [NYSE: PWR] stock has seen the most recent analyst activity on December 27, 2022, when Cowen reiterated its Outperform rating and also boosted its price target to $165 from $155. Previously, Goldman downgraded its rating to Neutral on September 15, 2022, and kept the price target unchanged to $150. On July 15, 2022, Argus initiated with a Buy rating and assigned a price target of $150 on the stock. UBS upgraded its rating to a Buy and increased its price target to $156 on June 13, 2022. UBS downgraded its rating to a Neutral and raised its price target to $145 on April 20, 2022. B. Riley Securities upgraded its rating to Buy for this stock on March 01, 2022, and upped its price target to $129. In a note dated September 17, 2021, Goldman initiated an Buy rating and iterated a target price of $138 on this stock.

Quanta Services Inc. [PWR] stock has fluctuated between $106.33 and $168.75 over the past year. Quanta Services Inc. [NYSE: PWR] shares were valued at $157.21 at the most recent close of the market.

Analyzing the PWR fundamentals

Quanta Services Inc. [NYSE:PWR] reported sales of 4.42 billion for the most recent quarter, which represents a growth of 12.60%. Gross Margin for this corporation currently stands at +12.74% with Operating Margin at +5.59%, Pretax Margin comes in at +4.12%, and Net Margin reading is +2.88%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 153.45 points at the first support level, and at 149.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.51, and for the 2nd resistance point, it is at 161.82.

Quanta Services Inc. [PWR] reported earnings per share of $1.77 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.77/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.54 per share as compared to estimates of $1.52 per share, a difference of $0.02 representing a surprise of 1.30%.

Ratios To Look Out For

For context, Quanta Services Inc.’s Current Ratio is 1.60. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 3.78 and the P/E (TTM) ratio is 47.32.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 2 insider sales totaling 19,289 shares over the past 3 months. Recent insider trading involved WAYNE DONALD, EVP and General Counsel, that happened on Mar 06 when 23214.0 shares were sold. EVP and General Counsel, WAYNE DONALD completed a deal on Feb 27 to sell 14476.0 shares. Meanwhile, Director FOSTER VINCENT D sold 14948.0 shares on Jun 22.