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Stock impact report

Unpacking Q4 Earnings: Quanta (NYSE:PWR) In The Context Of Other Construction and Engineering Stocks [Yahoo! Finance]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Yahoo! Finance
Today, we are looking at construction and engineering stocks, starting with Quanta (NYSE:PWR). Construction and engineering companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, sprinkler systems need to be maintained every three years. More recently, services addressing energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and engineering companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives topline performance for these companies. The 20 construction and engineering stocks we track reported a very strong Q4. As a group, revenues beat analysts' consensus estimates by 4.9% while next quarter's revenue guidance was in line. In light of this news, share prices of the c Show less Read more
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