Quanta Services (PWR) Stock Forecast, Price Target & Predictions
PWR Stock Forecast
Quanta Services stock forecast is as follows: an average price target of $217.56 (represents a -19.28% downside from PWR’s last price of $269.54) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
PWR Price Target
The average price target for Quanta Services (PWR) is $217.56 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $310.00 to $105.00. This represents a potential -19.28% downside from PWR's last price of $269.54.
PWR Analyst Ratings
According to 8 Wall Street analysts, Quanta Services's rating consensus is 'Buy'. The analyst rating breakdown for PWR stock is 0 'Strong Buy' (0.00%), 7 'Buy' (87.50%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Quanta Services Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Julian Dumoulin-Smith | Jefferies | $256.00 | $257.60 | -0.62% | -5.02% |
| May 30, 2024 | John Staszak | Argus Research | $310.00 | $278.43 | 11.34% | 15.01% |
| May 07, 2024 | Brent Thielman | D.A. Davidson | $250.00 | $269.31 | -7.17% | -7.25% |
| May 03, 2024 | Alex Rygiel | B.Riley Financial | $286.00 | $256.37 | 11.56% | 6.11% |
| Mar 13, 2024 | Jamie Cook | Truist Financial | $301.00 | $241.83 | 24.47% | 11.67% |
| Dec 30, 2022 | Cowen Cowen | Cowen & Co. | $165.00 | $142.70 | 15.63% | -38.78% |
| Jun 13, 2022 | Steven Fisher | UBS | $156.00 | $125.81 | 24.00% | -42.12% |
| Apr 20, 2022 | - | UBS | $145.00 | $137.88 | 5.16% | -46.20% |
| Sep 03, 2021 | Sean Eastman | KeyBanc | $129.00 | $115.81 | 11.39% | -52.14% |
| Sep 03, 2021 | Brent Thielman | D.A. Davidson | $108.00 | $115.81 | -6.74% | -59.93% |
The latest Quanta Services stock forecast, released on Sep 03, 2024 by Julian Dumoulin-Smith from Jefferies, set a price target of $256.00, which represents a -0.62% decrease from the stock price at the time of the forecast ($257.60), and a -5.02% decrease from PWR last price ($269.54).
Quanta Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 5 |
| Avg Price Target | $256.00 | $256.00 | $280.60 |
| Last Closing Price | $269.54 | $269.54 | $269.54 |
| Upside/Downside | -5.02% | -5.02% | 4.10% |
In the current month, the average price target of Quanta Services stock is $256.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -5.02% decrease as opposed to Quanta Services's last price of $269.54. This month's average price target is down 0.00% compared to last quarter, and down -8.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 03, 2024 | Jefferies | - | Hold | Initialise |
| Aug 08, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 22, 2024 | Citigroup | Buy | Buy | Hold |
| May 07, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 03, 2024 | B. Riley | Buy | Buy | Hold |
| Nov 08, 2023 | Goldman Sachs | - | Buy | Upgrade |
| Feb 24, 2023 | Oppenheimer | Outperform | Outperform | Hold |
| Dec 27, 2022 | Cowen & Co. | Outperform | Outperform | Hold |
| Jun 13, 2022 | UBS | - | Buy | Upgrade |
Quanta Services's last stock rating was published by Jefferies on Sep 03, 2024. The company Initialise its PWR rating from "null" to "Hold".
Quanta Services Financial Forecast
Quanta Services Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.62B | $5.05B | $4.43B | $4.42B | $4.46B | $4.23B | $3.97B | $3.92B | $3.35B |
| Avg Forecast | $10.72B | $10.34B | $9.97B | $9.62B | $9.64B | $9.45B | $8.32B | $7.18B | $8.06B | $8.00B | $7.13B | $6.29B | $7.13B | $7.20B | $6.50B | $5.89B | $6.60B | $6.60B | $5.51B | $4.94B | $5.18B | $5.26B | $4.71B | $4.08B | $4.28B | $4.40B | $4.03B | $3.58B | $3.65B | $3.43B |
| High Forecast | $10.95B | $10.56B | $10.18B | $9.82B | $9.84B | $9.65B | $8.49B | $7.33B | $8.24B | $8.17B | $7.28B | $6.42B | $7.28B | $7.36B | $6.64B | $6.02B | $6.74B | $6.70B | $5.62B | $5.04B | $5.23B | $5.35B | $4.81B | $4.17B | $4.37B | $4.49B | $4.09B | $3.63B | $3.71B | $3.48B |
| Low Forecast | $10.35B | $9.98B | $9.63B | $9.29B | $9.31B | $9.12B | $8.03B | $6.93B | $7.78B | $7.72B | $6.88B | $6.07B | $6.88B | $6.95B | $6.27B | $5.69B | $6.37B | $6.42B | $5.32B | $4.77B | $5.13B | $5.19B | $4.54B | $3.94B | $4.13B | $4.25B | $3.94B | $3.50B | $3.58B | $3.35B |
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.07% | 1.09% | 1.03% | 1.01% | 1.05% | 1.11% | 1.07% | 0.98% |
Quanta Services's average Quarter revenue forecast for Dec 23 based on 4 analysts is $5.18B, with a low forecast of $5.13B, and a high forecast of $5.23B. PWR's average Quarter revenue forecast represents a -7.85% decrease compared to the company's last Quarter revenue of $5.62B (Sep 23).
Quanta Services EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $400.33M | $279.27M | $207.65M | $358.27M | $328.00M | $351.56M | $308.19M | $314.51M | $337.59M |
| Avg Forecast | $737.32M | $711.15M | $685.91M | $661.57M | $663.05M | $649.61M | $571.90M | $494.01M | $554.65M | $550.20M | $490.39M | $432.61M | $490.52M | $495.45M | $446.96M | $405.40M | $453.78M | $453.73M | $378.82M | $123.43M | $356.24M | $361.56M | $323.70M | $112.21M | $294.11M | $371.35M | $276.87M | $102.01M | $251.29M | $235.75M |
| High Forecast | $752.93M | $726.21M | $700.44M | $675.58M | $677.09M | $663.36M | $584.01M | $504.47M | $566.39M | $561.85M | $500.77M | $441.76M | $500.90M | $505.94M | $456.43M | $413.99M | $463.39M | $460.65M | $386.84M | $148.12M | $359.70M | $367.95M | $330.56M | $134.65M | $300.34M | $445.62M | $281.16M | $122.41M | $255.18M | $239.40M |
| Low Forecast | $711.74M | $686.48M | $662.12M | $638.62M | $640.05M | $627.07M | $552.06M | $476.87M | $535.41M | $531.11M | $473.38M | $417.60M | $473.50M | $478.26M | $431.46M | $391.34M | $438.04M | $441.28M | $365.67M | $98.75M | $352.78M | $356.88M | $312.47M | $89.77M | $283.91M | $297.08M | $270.99M | $81.61M | $245.95M | $230.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.86% | 1.85% | 1.22% | 0.88% | 1.27% | 3.02% | 1.25% | 1.43% |
4 analysts predict PWR's average Quarter EBITDA for Dec 23 to be $356.24M, with a high of $359.70M and a low of $352.78M. This is -11.01% lower than Quanta Services's previous annual EBITDA (Sep 23) of $400.33M.
Quanta Services Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $272.84M | $165.90M | $95.05M | $162.57M | $155.96M | $88.02M | $84.64M | $106.30M | $174.37M |
| Avg Forecast | $658.48M | $706.06M | $596.89M | $468.48M | $597.86M | $644.45M | $538.86M | $414.54M | $509.89M | $535.71M | $448.93M | $333.65M | $430.02M | $447.38M | $371.12M | $277.40M | $386.68M | $410.69M | $283.71M | $90.23M | $296.89M | $316.60M | $244.97M | $82.03M | $240.07M | $191.80M | $227.96M | $74.57M | $209.77M | $217.67M |
| High Forecast | $676.61M | $725.49M | $613.32M | $481.37M | $614.32M | $662.19M | $553.69M | $425.95M | $523.93M | $550.46M | $461.29M | $342.83M | $441.86M | $459.69M | $381.34M | $285.03M | $397.32M | $433.50M | $291.52M | $108.28M | $304.43M | $342.11M | $251.71M | $98.44M | $246.68M | $230.16M | $232.56M | $89.49M | $214.00M | $222.05M |
| Low Forecast | $628.78M | $674.21M | $569.97M | $447.35M | $570.90M | $615.38M | $514.56M | $395.84M | $486.90M | $511.55M | $428.69M | $318.60M | $410.63M | $427.20M | $354.38M | $264.89M | $369.24M | $372.66M | $270.92M | $72.19M | $281.82M | $285.09M | $233.92M | $65.62M | $229.25M | $153.44M | $221.67M | $59.66M | $203.98M | $211.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.68% | 1.16% | 0.68% | 0.81% | 0.39% | 1.13% | 0.51% | 0.80% |
Quanta Services's average Quarter net income forecast for Dec 23 is $296.89M, with a range of $281.82M to $304.43M. PWR's average Quarter net income forecast represents a 8.82% increase compared to the company's last Quarter net income of $272.84M (Sep 23).
Quanta Services SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $386.54M | $384.17M | $384.55M | $341.13M | $347.45M | $323.25M | $324.89M | $367.65M | $274.85M |
| Avg Forecast | $870.10M | $839.22M | $809.44M | $780.71M | $782.46M | $766.59M | $674.89M | $582.97M | $654.53M | $649.28M | $578.70M | $510.51M | $578.85M | $584.68M | $527.46M | $478.41M | $535.50M | $535.44M | $447.04M | $344.78M | $420.39M | $426.67M | $382.00M | $313.44M | $347.07M | $302.33M | $326.74M | $284.94M | $296.54M | $278.20M |
| High Forecast | $888.52M | $856.99M | $826.58M | $797.24M | $799.03M | $782.82M | $689.18M | $595.32M | $668.39M | $663.03M | $590.95M | $521.32M | $591.11M | $597.06M | $538.62M | $488.54M | $546.84M | $543.61M | $456.50M | $413.74M | $424.47M | $434.21M | $390.09M | $376.12M | $354.42M | $362.80M | $331.80M | $341.93M | $301.14M | $282.51M |
| Low Forecast | $839.91M | $810.11M | $781.36M | $753.63M | $755.31M | $740.00M | $651.48M | $562.75M | $631.83M | $626.76M | $558.62M | $492.80M | $558.77M | $564.39M | $509.16M | $461.81M | $516.92M | $520.75M | $431.53M | $275.82M | $416.31M | $421.14M | $368.75M | $250.75M | $335.03M | $241.86M | $319.80M | $227.95M | $290.24M | $272.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.01% | 1.23% | 0.98% | 1.15% | 0.99% | 1.14% | 1.24% | 0.99% |
Quanta Services's average Quarter SG&A projection for Dec 23 is $420.39M, based on 4 Wall Street analysts, with a range of $416.31M to $424.47M. The forecast indicates a 8.76% rise compared to PWR last annual SG&A of $386.54M (Sep 23).
Quanta Services EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.88 | $1.14 | $0.66 | $1.14 | $1.09 | $0.61 | $0.59 | $0.74 | $1.25 |
| Avg Forecast | $4.40 | $4.71 | $3.98 | $3.13 | $3.99 | $4.30 | $3.60 | $2.77 | $3.40 | $3.58 | $3.00 | $2.23 | $2.87 | $2.99 | $2.48 | $1.85 | $2.58 | $2.74 | $1.89 | $1.29 | $1.98 | $2.11 | $1.64 | $1.12 | $1.60 | $1.77 | $1.52 | $1.21 | $1.40 | $1.45 |
| High Forecast | $4.52 | $4.84 | $4.09 | $3.21 | $4.10 | $4.42 | $3.70 | $2.84 | $3.50 | $3.67 | $3.08 | $2.29 | $2.95 | $3.07 | $2.55 | $1.90 | $2.65 | $2.89 | $1.95 | $1.32 | $2.03 | $2.28 | $1.68 | $1.15 | $1.65 | $1.82 | $1.55 | $1.24 | $1.43 | $1.48 |
| Low Forecast | $4.20 | $4.50 | $3.81 | $2.99 | $3.81 | $4.11 | $3.44 | $2.64 | $3.25 | $3.42 | $2.86 | $2.13 | $2.74 | $2.85 | $2.37 | $1.77 | $2.47 | $2.49 | $1.81 | $1.23 | $1.88 | $1.90 | $1.56 | $1.07 | $1.53 | $1.69 | $1.48 | $1.18 | $1.36 | $1.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.70% | 0.59% | 0.71% | 0.62% | 0.40% | 0.49% | 0.53% | 0.86% |
According to 4 Wall Street analysts, Quanta Services's projected average Quarter EPS for Dec 23 is $1.98, with a low estimate of $1.88 and a high estimate of $2.03. This represents a 5.43% increase compared to PWR previous annual EPS of $1.88 (Sep 23).
Quanta Services Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TTEK | Tetra Tech | $46.24 | $224.83 | 386.22% | Buy |
| MYRG | MYR Group | $98.19 | $125.00 | 27.30% | Buy |
| FLR | Fluor | $45.89 | $55.40 | 20.72% | Buy |
| APG | APi Group | $34.47 | $41.00 | 18.94% | Buy |
| KBR | KBR | $62.23 | $71.00 | 14.09% | Buy |
| DY | Dycom Industries | $184.74 | $192.33 | 4.11% | Buy |
| ACM | AECOM | $97.82 | $100.00 | 2.23% | Buy |
| MTZ | MasTec | $112.28 | $113.11 | 0.74% | Buy |
| BLD | TopBuild | $386.49 | $376.29 | -2.64% | Buy |
| GVA | Granite Construction | $76.37 | $70.00 | -8.34% | - |
| PWR | Quanta Services | $269.54 | $217.56 | -19.28% | Buy |
PWR Forecast FAQ
Is Quanta Services a good buy?
Yes, according to 8 Wall Street analysts, Quanta Services (PWR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 87.50% of PWR's total ratings.
What is PWR's price target?
Quanta Services (PWR) average price target is $217.56 with a range of $105 to $310, implying a -19.28% from its last price of $269.54. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Quanta Services stock go up soon?
According to Wall Street analysts' prediction for PWR stock, the company can go down by -19.28% (from the last price of $269.54 to the average price target of $217.56), up by 15.01% based on the highest stock price target, and down by -61.04% based on the lowest stock price target.
Can Quanta Services stock reach $400?
PWR's average twelve months analyst stock price target of $217.56 does not support the claim that Quanta Services can reach $400 in the near future.
What is Quanta Services's current price target trend?
1 Wall Street analyst forecast a $256 price target for Quanta Services (PWR) this month, down -5.02% from its last price of $269.54. Compared to the last 3 and 12 months, the average price target decreased by -5.02% and increased by 4.10%, respectively.
What are Quanta Services's analysts' financial forecasts?
Quanta Services's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $34.58B (high $35.32B, low $33.38B), average EBITDA is $2.38B (high $2.43B, low $2.3B), average net income is $2.2B (high $2.26B, low $2.1B), average SG&A $2.81B (high $2.87B, low $2.71B), and average EPS is $14.66 (high $15.06, low $14). PWR's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $40.65B (high $41.51B, low $39.24B), average EBITDA is $2.8B (high $2.86B, low $2.7B), average net income is $2.43B (high $2.5B, low $2.32B), average SG&A $3.3B (high $3.37B, low $3.19B), and average EPS is $16.22 (high $16.67, low $15.49).
Did the PWR's actual financial results beat the analysts' financial forecasts?
Based on Quanta Services's last annual report (Dec 2022), the company's revenue was $17.07B, beating the average analysts forecast of $16.28B by 4.88%. Apple's EBITDA was $1.2B, beating the average prediction of $1.04B by 15.01%. The company's net income was $491.19M, missing the average estimation of $734.41M by -33.12%. Apple's SG&A was $1.34B, beating the average forecast of $1.26B by 6.00%. Lastly, the company's EPS was $3.57, missing the average prediction of $6.1 by -41.49%. In terms of the last quarterly report (Sep 2023), Quanta Services's revenue was $5.62B, beating the average analysts' forecast of $5.26B by 6.92%. The company's EBITDA was $400.33M, beating the average prediction of $361.56M by 10.72%. Quanta Services's net income was $272.84M, missing the average estimation of $316.6M by -13.82%. The company's SG&A was $386.54M, missing the average forecast of $426.67M by -9.41%. Lastly, the company's EPS was $1.88, missing the average prediction of $2.11 by -11.05%