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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
If you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: 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.
Since being added to the Focus List on December 23, 2021 at $111.52 per share, shares of PWR have increased 145.62% to $273.92. The stock is currently a #3 (Hold) on the Zacks Rank.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.12 to $8.59. PWR boasts an average earnings surprise of 4.6%.
Additionally, PWR's earnings are expected to grow 20% for the current fiscal year.
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Zacks Investment Research
In the latest trading session, Quanta Services (PWR) closed at $269.54, marking a +0.39% move from the previous day. The stock lagged the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.65%.
Heading into today, shares of the specialty contractor for utility and energy companies had gained 0.21% over the past month, lagging the Construction sector's gain of 5.07% and the S&P 500's gain of 4.86% in that time.
The investment community will be paying close attention to the earnings performance of Quanta Services in its upcoming release. It is anticipated that the company will report an EPS of $2.70, marking a 20.54% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $6.56 billion, indicating a 16.67% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.59 per share and a revenue of $23.84 billion, representing changes of +19.97% and +14.15%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Quanta Services. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.53% higher. Currently, Quanta Services is carrying a Zacks Rank of #3 (Hold).
Investors should also note Quanta Services's current valuation metrics, including its Forward P/E ratio of 31.24. This denotes a premium relative to the industry's average Forward P/E of 21.49.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Zacks Investment Research
MasTec, Inc.’s MTZ stock has gained nearly 31% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry’s 24.5% growth, the broader Construction sector's 7.2% increase and the S&P 500 index’s 8.6% rise.
This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. Also, MTZ’s focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. Moreover, the company is optimistic about its growth opportunities in 2025 and beyond, given the solid pipeline across its businesses and acquisition synergies.
MTZ stock also outpaced its competitors like EMCOR Group, Inc. EME, Quanta Services, Inc. PWR and AECOM ACM, which rallied 18.9%, 10.8% and 6.3%, respectively, in the six-month period.
Technical indicators are supportive of MTZ’s strong performance. As of Thursday, the stock is trading at $110.40, comfortably above its 50-day moving average of $106.62.
What’s Supporting MTZ Stock’s Outperformance?
Strong Outlook for 2024: MasTec's robust 18-month backlog of $13.3 billion provides strong visibility into 2024. The company raised its full-year guidance, expecting consolidated revenues of $12.4 billion (prior expected $12.55 billion), up from $12 billion year over year. Adjusted EBITDA is projected to be $975 million, an increase from $860.3 million in 2023, with a margin improvement of 7.9% (up from 7.8% expected earlier and 7.2% reported in 2023).
Adjusted earnings per share (EPS) are forecasted to be $3.03, up from $1.97 expected earlier. The Clean Energy and Infrastructure segment is expected to increase 10% in 2024, reaching $4.4 billion in revenues, with continued growth anticipated beyond 2024.
Solid Backlog Poses Strength for Future: As of June 30, 2024, MasTec's Clean Energy and Infrastructure backlog increased 10.3% year over year and 4.6% sequentially, with a 1.2x book-to-bill ratio, providing strong visibility into future projects. The Power Delivery segment saw a 12% year-over-year increase and a 20% sequential growth in backlog, highlighted by a major 700-mile high-voltage transmission project starting in 2025. This project, one of the largest in the United States, will generate $300-$500 million annually through 2028, positioning the segment for strong growth.
The Communications segment saw a 1.7% sequential increase and 8.8% year-over-year backlog growth, with revenues expected to rise 4.5% in 2024. Adjusted EBITDA margins remain strong in the high single digits.
The company is optimistic about its growth opportunities. The robust demand for its services suggests the potential for double-digit revenues and earnings growth in 2025 and beyond. Despite short-term pressure in the power delivery segment, the long-term outlook is improving significantly. Meanwhile, the company continues to experience strong demand in both renewables and infrastructure projects. Based on anticipated bookings, it is well-positioned for substantial growth in 2025.
Image Source: MasTec Corporate Presentation
Expanding Communications Pipeline: MasTec has deepened its relationship with AT&T, its largest wireless client, as AT&T expanded the scope and geographic reach of MasTec's core wireless services, in addition to a maintenance contract secured in the third quarter of 2023. This, combined with AT&T’s plan to replace Nokia equipment with Ericsson over the next five years, is expected to significantly boost MasTec's wireless business. The impact will start in the second half of 2024, with segment revenues expected to grow by double digits in 2025.
MasTec is positioned for nearly 20% organic revenue growth in the second half of 2024. Additionally, the growing demand for wireline services and the anticipated Broadband Equity, Access, and Deployment (BEAD) program funding provide long-term visibility. New customers, including private equity-backed entrants, are showing strong interest in MasTec’s comprehensive solutions, enhancing its growth prospects in 2025 and beyond.
Strategic Acquisitions & Equity Investments: MasTec remains focused on bolt-on acquisitions, completing four in 2023 and five in 2022. Additionally, it holds equity stakes in several telecommunications entities that provide construction services to the company.
As of March 31, 2024, MasTec had $22 million in total investments, including $18 million for FM Tech. It also holds 49% equity interests in entities within its Communications and Power Delivery segments, with a $3 million investment and a 75% equity stake in Confluence Networks, LLC, an undersea fiber-optic systems developer, totaling $2.5 million.
Other Parameters Reflecting MTZ’s Solid Growth Prospect
Analysts are showing confidence in the stock, as indicated by recent upward revisions in earnings estimates. Over the last 60 days, forecasts for 2024 and 2025 have increased to $3.02 (from $2.94) and $4.35 (from $4.33), respectively.
The company also has a solid earnings surprise history. Its EPS surpassed the consensus estimate in three of the trailing four quarters and missed on one occasion, with the average surprise being 19.4%. Notably, the company currently has a VGM Score of A, which signifies that MTZ has solid growth prospects and the potential to outperform the market in the near term.
These positive trends signify bullish analysts’ sentiments, indicating robust fundamentals and the expectation of continued outperformance in the near term.
Is MasTec a Smart Investment Choice Today?
In the competitive non-residential services sector, MasTec, a leading infrastructure construction company with an $8.75 billion market cap, distinguishes itself. MTZ is strategically situated to capitalize on converging trends, providing multiple paths for near-and-long-term profitable growth. Its diversified portfolio with significant growth potential in all segments makes the stock the best investment option at the moment.
Also, upward revisions in earnings estimates reinforce its Zacks Rank #2 (Buy) rating, making MTZ an attractive addition to investors' portfolios at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks Investment Research
Dycom Industries, Inc. DY has had a stellar year, with its stock soaring 61% year to date (YTD). The company, a key player in providing contracting services for the telecommunications and utility sectors, has outperformed its peers like Quanta Services, Inc. PWR, which has gained 21.9% YTD, MasTec, Inc. MTZ, which has gained 42.1%, and Primoris Services Corporation PRIM, which has surged 58%.
The company’s shares have also fared well compared with the Zacks Building Products - Heavy Construction industry’s 54.2% growth, the broader Construction sector's 13.9% increase and the Zacks S&P 500 Composite's 15% increase.
DY’s YTD Price Performance
The company has been capitalizing on the secular demand for high-speed connectivity, AI-driven infrastructure expansion, and significant government funding.
Dycom's growth trajectory has been fueled by strong demand for telecommunications infrastructure. As major telecom companies ramp up their investments in 5G networks and fiber-optic deployment, Dycom has positioned itself as a critical partner in the build-out of these high-speed networks. This heightened demand for fiber-optic installations has been a significant driver of Dycom's financial success, as seen in its recent earnings reports.
Technical indicators are supportive of Dycom’s strong performance. As of Wednesday, the stock is trading at $184.94, comfortably above its 50-day moving average of $177.70. Additionally, the stock is trading near its 52-week high of $185.59, signaling continued momentum.
This significant outperformance has raised the question for investors: Is now the time to lock in gains or stay invested?
Factors Helping DY Stock to Surge
Telecommunications Infrastructure Expansion: The demand for high-speed broadband, driven by both consumer and business needs, is a major growth factor. Dycom’s services in fiber deployment for both wireline and wireless infrastructure are crucial to expanding connectivity across the United States.
Private investments continue to drive fiber-to-the-home deployments, with estimates that 75-80% of U.S. homes will eventually be connected by fiber. This trend is supported by joint ventures, mergers and acquisitions, and refinancings in the telecommunications industry, all of which are focused on expanding fiber networks.
As of 2023, 140 million homes were available for fiber installations. This number includes urban, suburban, and rural households. The growing appetite for gigabit speeds for both fixed and mobile access continues to fuel demand for Dycom's services.
Government Funding for Communications Infrastructure: More than $70 billion in funding is available through federal programs to support broadband infrastructure development. The Broadband Equity, Access, and Deployment (BEAD) program alone allocates $40 billion to fund broadband access for unserved and underserved areas across the country.
Approximately $22 billion of the BEAD program has received initial approval for deployment as of August 2024. Other programs include the Rural Digital Opportunity Fund, which provides $20 billion to expand fixed broadband in rural areas, and the American Rescue Plan Act and USDA ReConnect Program, which provide additional funding. These programs represent unprecedented levels of public capital to support telecommunications infrastructure, particularly in hard-to-reach rural markets where private capital might not be sufficient.
Wireless Network Upgrades and Spectrum Expansion: Increasing capital expenditures by wireless providers to implement network upgrades, specifically focusing on spectrum expansion and fixed wireless access (FWA), has been one of the major growth drivers for DY. Wireless providers, such as AT&T, are making large capital investments to upgrade their networks and expand spectrum availability for both mobile and fixed wireless services.
In 2024, AT&T planned to spend between $21 billion and $22 billion on wireless network modernization. Dycom's largest customer, AT&T, contributed 17.5% of revenues, or $210.2 million, in the second quarter of fiscal 2025. AT&T experienced an organic growth of 20.6%, marking its first quarter of organic growth since January 2023. This growth was due to the deployment of gigabit wireline networks and wireless infrastructure.
The second-largest customer of Dycom, Lumen, contributed 13.6% of revenues, or $163.7 million, with organic growth of 1% in the quarter. Comcast, Dycom’s third-largest customer, provided $105.6 million, or 8.8% of the revenues.
The company’s top five customers contributed 54.9% to total contract revenues in the fiscal second quarter, which inched up 7.1% organically. Revenues from all other customers increased 12.3% organically in the quarter. This period marked the 22nd consecutive period of organic growth for DY’s all other customers in aggregate, excluding the top five.
Artificial Intelligence (AI) Driving Demand: The demand for high-capacity, low-latency intercity fiber networks is driven by the growth of AI and data centers, which require reliable and fast network connectivity. Recent multi-billion-dollar partnerships, such as Lumen’s partnership with Microsoft and Corning for fiber supply, evidence the growing demand for fiber infrastructure to support AI applications.
Acquisition: The recent acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business is expected to significantly contribute to revenue and backlog growth. This marks Dycom’s largest-ever buyout in the wireless services space, strengthening its capabilities in wireless construction services (read more: Dycom Eyes $275M Revenue Boost With $150M Black & Veatch Deal).
DY’s Short-Term Hiccups
Tepid Q3 Organic Revenue Growth & Weather-Related Woes: The company projected a potential deceleration in organic revenue growth for the third quarter of fiscal 2025. While the fiscal second quarter saw 9.2% organic growth, expectations for the fiscal third quarter were for mid-to-high single-digit growth. This slowdown was partly due to tougher comparisons from the prior year, where there were significant change orders and project closeouts that boosted revenues.
The company mentioned that August had been a particularly wet month, which could impact operational efficiency and potentially slow down project execution in the fiscal third quarter.
Customer-Specific Slowdowns: Dycom hinted that one of its customers, which had a strong first half of fiscal 2025, might experience a slower second half. This slowdown could negatively impact overall revenue growth for the company in the upcoming quarter.
Also, the Wireless segment, which accounts for about 3% of Dycom’s total revenues, was down approximately 10-12% year over year in the fiscal second quarter. This decline was attributed to broader industry trends and a general slowdown in wireless network construction as the industry prepares for network modernization efforts.
Integration Costs and Challenges: The acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business, while strategically important, also comes with challenges. Dycom will incur $5.5 million in pre-tax integration costs related to this acquisition in the fiscal third quarter, which will affect its EBITDA margins in the short term. Additionally, there may be challenges in fully integrating the acquired business into Dycom’s existing operations and achieving the anticipated synergies.
BEAD Program Timing Uncertainty: While Dycom is optimistic about the BEAD program, there is some uncertainty regarding the exact timing of when these opportunities will translate into revenues. The company expects contributions from the BEAD program in the fiscal third quarter, but the actual timing and magnitude of these contributions remain uncertain, which could lead to potential delays in expected growth.
DY Stock’s Estimate Movement & Valuation
From the following chart, it is evident that DY stock is witnessing downward earnings per share (EPS) estimate revisions for fiscal 2025. The estimated figure depicts 8.1% growth for fiscal 2025 from the prior year’s reported levels.
DY stock is trading slightly at a premium compared with the industry and slightly higher than its median, reflecting a stretched valuation. For investors focused on fundamentals, this could be a point of caution.
How to Play Dycom Stock?
The company is optimistic about its prospects in both wireline and wireless sectors, with strong financial positioning and strategic acquisitions setting the stage for continued growth. With the U.S. government’s push for expanded broadband access and 5G network build-outs continuing to gain momentum, Dycom is well-positioned to benefit from these trends going forward.
However, the deceleration in growth, integration challenges, short-term woes like in the wireless sector and BEAD program delays, potential impacts from weather and customer slowdowns are key areas to monitor. While Dycom has solid fundamentals and operates in a growth industry, the stock’s current valuation is higher than its historical averages, which could signal limited upside in the near term. This, along with the downward estimate revision, adds to the uncertainty.
Given the potential short-term weakness, Dycom might not represent a compelling buying opportunity at this time. On the other hand, long-term investors who believe in Dycom’s continued growth potential in the telecom infrastructure sector may find it worthwhile to hold onto their shares. For new investors, it might be prudent to wait for a more favorable entry point.
DY currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries. Based in Houston, Texas, the company plans, designs, installs, maintains, and repairs most types of network infrastructure.
Companies worth more than $10 billion are generally described as “large-cap stocks,” and Quanta Services fits right into that category. The company 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.
Shares of PWR are trading 12.2% below their 52-week high of $286.87, achieved on May 28. The construction engineering company’s stock has declined 7.3% over the past three months, significantly lagging behind the Dow Jones Industrials Average’s ($DOWI) 3.3% gain over the same time frame.
However, in the longer term, PWR stock is up 16.7% on a YTD basis, surpassing DOWI’s 6.2% gains. Shares of PWR have rallied 22.8% over the past 52 weeks, outperforming DOWI’s 15.5% return over the same time frame.
To confirm the bearish trend, PWR has been trading below its 200-day moving average since mid-July and its 50-day moving average since early September.
PWR has benefited from rising demand for modernizing utility infrastructure and expanding renewable energy generation. Its impressive asset utilization ratio and year-over-year earnings growth have also contributed to its upward price movement.
However, the stock fell 4% following its mixed Q2 earnings release on Aug. 1. The company’s adjusted EPS grew 15.2% year-over-year to $1.90 but fell short of Wall Street estimates of $1.93. Its revenue of $5.6 billion exceeded Wall Street forecasts of $5.5 billion. The company raised its full-year 2024 revenue and adjusted EPS estimates. It expects adjusted EPS to be between $8.32 and $8.87 and revenue to be between $23.5 billion and $24.1 billion.
PWR has outpaced its rival, AECOM’s 2.4% gain on a YTD basis and 9.6% returns over the past 52 weeks.
Despite PWR’s recent underperformance, analysts remain optimistic about its prospects. The stock has a consensus rating of “Strong Buy” from the 15 analysts in coverage, and the mean price target of $289.08 suggests a premium of 14.9% to its current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: 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.
PWR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. PWR has a Growth Style Score of A, forecasting year-over-year earnings growth of 20% for the current fiscal year.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.15 to $8.59 per share. PWR boasts an average earnings surprise of 4.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PWR should be on investors' short list.
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