
Quanta Services (PWR) Stock Forecast & Price Target
Quanta Services (PWR) Analyst Ratings
Bulls say
Quanta Services has demonstrated robust financial growth, with a notable increase in adjusted EBITDA from $472 million in Q2 2023 to $523 million in Q2 2024, surpassing consensus expectations. Additionally, the company reported an impressive 44.1% year-over-year increase in adjusted EPS for Q4 2024, reaching $2.94 and exceeding analyst forecasts. The current backlog stands at $34.5 billion, bolstered by a significant 15% quarter-over-quarter growth in renewable energy contracts, further indicating strong demand and effective order acquisition in their key markets.
Bears say
Quanta Services reported disappointing performance trends across multiple quarters, including a notable revenue miss in Q3'24, leading to a 3.2% decline in stock price on October 31, 2024. The electric infrastructure segment, while historically maintaining stable operating margins, has shown a concerning revenue mix decline over recent years, which raises questions about the sustainability of future earnings. Furthermore, despite beats in EBITDA and EPS in some quarters, the overall operating margins have experienced downward pressure, evidenced by a drop from 7.1% in Q3'23 to 6.6% in Q4'24, contributing to a persistent negative market sentiment as reflected in the stock's performance.
This aggregate rating is based on analysts' research of Quanta Services and is not a guaranteed prediction by Public.com or investment advice.
Quanta Services (PWR) Analyst Forecast & Price Prediction
Start investing in Quanta Services (PWR)
Order type
Buy in
Order amount
Est. shares
0 shares