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PWR
Quanta ServicesNYSEIndustrialsEngineering & ConstructionSnapshot 2026-06-12
Intact
$707.74+3.58%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is neutral. Earnings quality is robust. Management's recent track record has been steady. Risk is moderate, and the sector backdrop is a headwind. Peer multiples imply a price about 99% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified because it is rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. This analysis is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Engineering & Construction
- Market cap
- $102.53B
- Employees
- —
- IPO date
- 1997-12-22
- Next earnings
- 2026-07-30
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $707.74. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$355.69consensus
Range $335.45 – $371.25
vs price: +99% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$855.17consensus
Range $801.92 – $869.22
vs price: -17% below
Method agreement — · 6 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Re-ratinglow confidence
At $708 PWR trades at 68× p/e — 2.0× the 34× p/e peer median, and above its own 35× history. The market is re-rating it beyond its own range; our $356 fair value is low-confidence here. Analysts: $537–$900. Not investment advice.
Multiple (P/E)
67.9x
peer 34.1x · own history 34.6x
Premium
2.0x peer
2.0x its own history
Growth the price needs
99%
our forecast 22%
Our fair value
$355.69
range $339.51 – $371.25
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensiveexpensive — growth-justified12-month view
What's priced inUnjustified
The market is pricing in roughly 99% near-term growth, well above our forecast of about 22%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only expensive valuation — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
66th pctl · Industrials
Earnings quality
robustOver the trailing year it converted 2.13x of net income into operating cash flow. Historically, Industrials names rated robust grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=3333).
72nd pctl · Industrials
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to long-term interest rates, the US dollar, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
neutralEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish21 analysts, 73% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $3.30 → $3.31 (+0.2% / 30d). 17 raised, 1 cut, 21 covering analysts.
Rating actions
1 upgrade, 0 downgrades / 30d, 0 maintained. 73% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 9.0% above current price.
Material events
1 positive, 0 negative / 30d. See F4 management tile for the event list.
Sector context
Intermediate · WeeklySector phase: is in (~3.2 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- neutral
- Earnings discipline
- strong
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-12
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$130.
How much price usually moves either way.
On a bad day, this stock has moved -$345.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,711.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- label change · signal_labelmoderate change
Signal changed from 'mild_favorable' to 'mixed'.
As of June 12, 2026, the signal label changed to mixed, indicating a shift in overall sentiment. The sector backdrop fell, suggesting a headwind for the company. Valuation also fell, indicating that the stock appears expensive based on peer multiples.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 14d
Watch for Q2 revenue guidance update on July 30, 2026
Why it matters: A revenue update will show if Quanta is on track to meet its $34.7-$35.2 billion target.
What confirms / what disproves
Confirms:Q2 revenue guidance is raised above $35.2 billion.
Disproves:Q2 revenue guidance is lowered below $34.7 billion.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PWR yet.
This sector is also watching
- Watch for revenue growth speeding up in Industrials.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like FIX, EME, and MTZ keep beating earnings and guiding higher, the Industrials sector momentum should keep lifting PWR and other Industrials names. Worth watching these names for early signals.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for PWR and other Industrials names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If PWR reverses and cuts guidance after recently raising (RAISED as of 2026-04-30), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like FIX, EME, and MTZ start missing or guiding lower, the Industrials tailwind helping PWR and other Industrials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits PWR and other Industrials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2717d agoItem 8.01
Other Events On May 22, 2026, Quanta issued a press release announcing the election of Joseph Kim, a new independent director, to the Board of Directors at its 2026 Annual Meeting of Stockholders. On May 22, 2026, the Company also announced that the Board authorized a new stock repurchase program. The new repurchase program, which was effective as of May 21, 2026, authorizes the Company to purchase, from time to time up to $1.0 billion of its outstanding common stock. Repurchases may be imple…
Capital allocationpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+6.4 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.