How Is Quanta Services’ Stock Performance Compared to Other Infrastructure Stocks?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Company Overview: Quanta Services, Inc. has a market cap of $36.5 billion and provides infrastructure solutions across various industries, but its stock has fallen 31.9% from its 52-week high, underperforming the Themes US Infrastructure ETF.
Financial Performance: Despite exceeding profit expectations in Q4 with an adjusted profit per share of $2.94, revenue fell short of forecasts, and challenges such as weather and supply chain issues may impact future results; however, analysts maintain a "Strong Buy" rating with a price target suggesting significant upside potential.
Analyst Views on HWAY
Wall Street analysts forecast HWAY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HWAY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.701
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Current: 33.701
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
