Quanta Services' Hyper Growth In Recent Years Doesn't Warrant A 'Buy' Yet [Seeking Alpha]
Quanta Services, Inc. (PWR)
Last quanta services, inc. earnings: 2/27 06:55 am
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US:NYSE Investor Relations:
quantaservices.com/2016annualreport/ir-info.html
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Source: Seeking Alpha
The company reported positive financial results in 2023, with strong revenue and EBITDA growth, and a significant increase in backlog. Operational hurdles such as talent acquisition challenges and declining operating margins, combined with a rich valuation raise concerns for Quanta Services, signal caution for investors. Quanta Services, Inc ( NYSE: PWR ) has been growing steadily in the past decade, especially in the past three years since the signing of the Infrastructure Investment and Jobs Act in 2021. However, due to the significant increase in remaining performance obligation and uncertainty around its ability to deliver projects on time and on budget, despite Quanta's potential for further growth and strong cash flow generation last year, Quanta's valuation is fairly rich at 28 times earnings. As a result, I recommend a "Hold" rating for Quanta Services. Introduction Established in 1997, with over 52,000 employees , Quanta Services is a leading provider of comprehensiv
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PWR
News
- Quanta Services, Inc. (NYSE: PWR) had its price target raised by analysts at B. Riley from $246.00 to $286.00. They now have a "buy" rating on the stock.MarketBeat
- Quanta Services, Inc. (NYSE: PWR) had its price target raised by analysts at Robert W. Baird from $265.00 to $287.00. They now have an "outperform" rating on the stock.MarketBeat
- Quanta Services First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Quanta (PWR) Stock Rises on Q1 Earnings and Revenue Beat [Yahoo! Finance]Yahoo! Finance
- Quanta Services (PWR) Q1 Earnings and Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
PWR
Earnings
- 5/2/24 - Beat
PWR
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/12/24 - Form ARS
- PWR's page on the SEC website