Yahoo Finance New to Investing? This 1 Construction Stock Could Be the Perfect Starting Point
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to 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 was added to the Zacks Focus List on December 23, 2021 at $111.52 per share. Since then, shares have increased 135.24% to $262.34.
For fiscal 2024, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $8.32. PWR boasts an average earnings surprise of 4.9%.
Moreover, analysts are expecting Quanta Services' earnings to grow 16.2% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like PWR, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
