
Quanta Services (PWR) Stock Forecast & Price Target
Quanta Services (PWR) Analyst Ratings
Bulls say
Quanta Services has demonstrated impressive financial performance, with adjusted EBITDA for Q2'24 rising to $523 million, surpassing consensus expectations of $519 million, and marking a substantial increase from $472 million in Q2'23. The company's ongoing success is reflected in a current backlog of $34.5 billion, bolstered by a record 15% quarter-over-quarter growth in renewables backlog to $8.7 billion, indicating a robust demand for new projects. Furthermore, under the leadership of President and CEO Duke Austin, Quanta has achieved a commendable revenue growth rate of approximately 15% CAGR and earnings growth of around 20%, underscoring its strong operational and strategic positioning in the market.
Bears say
Quanta Services has faced a notable decline in its revenue mix within its electric infrastructure segment, despite maintaining moderate operating margins, leading to concerns about future earnings growth potential. The company has experienced inconsistent stock performance, with shares declining 12% since the earnings call in February, signaling a lack of investor confidence despite earnings beats in EBITDA and EPS across several quarters. Furthermore, a persistent decline in operating margins, with a drop from 7.1% in Q3’23 to 6.6% in Q4’24, underscores ongoing financial challenges that could deter long-term investment.
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
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