Why Quanta Services (PWR) Dipped More Than Broader Market Today

Quanta Services (PWR) declined 4.12% to $660.53 in the latest session, underperforming the S&P 500's 1.11% loss. Despite the daily decline, the stock has gained 12.31% over the past month. The company is expected to report Q3 earnings on October 29, 2026, with anticipated EPS of $5.01 (up 50.45% YoY) and revenue of $10.99 billion (up 43.95% YoY). However, the stock trades at a premium valuation with a Forward P/E of 41.26 versus the industry average of 24.21, and holds a Zacks Rank #3 (Hold) rating.