Here's Why Quanta Services (PWR) Fell More Than Broader Market

Quanta Services (PWR) declined 1.09% in recent trading, underperforming the broader market. While analysts project strong earnings growth of 50.45% and revenue growth of 43.95% for the upcoming quarter, the stock carries a Zacks Rank #3 (Hold) rating. Trading at a Forward P/E of 33.09, significantly above its industry average of 21.3, and a PEG ratio of 1.5 versus the industry average of 1.13, suggests the stock may be overvalued relative to growth prospects.