Zacks cuts Quanta Services stock to Hold. Truist keeps a USD 945 target

Published on 10/16/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 41.10 percent to USD 9.56 billion. Quanta Services stock costs EUR 573.60 on October 16, 2026 at Lang & Schwarz.

Analyst stance and operating scale

Zacks downgraded Quanta Services to Hold on October 7, 2026.
Second-quarter revenue reached USD 9.56 billion for the period ended June 30, 2026.
Quanta Services stock was trading at EUR 573.60 at 10:44 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Quanta Services stock was trading at EUR 573.60 at Lang & Schwarz on October 16, 2026 at 10:44 a.m. CEST. The move follows a Zacks Research downgrade to Hold from Strong Buy dated October 7, 2026, according to MarketBeat.

Quanta prepares for October 29

Stock Analysis reported that Quanta Services announced its third-quarter 2026 results for October 29, 2026. The release is scheduled before the US market opens, giving investors a near-term checkpoint for the elevated growth assumptions surrounding the business.

The recent chronology shows how quickly the financial base expanded. Revenue reached USD 7.87 billion in the first quarter of 2026, climbed to USD 9.56 billion in the second quarter, and the October 29 release is the next reported milestone. The quarterly figures and the 41.10 percent year-over-year increase were reported by MarketBeat.

What does the growth mean for margins?

Second-quarter net income attributable to common stock reached USD 451.4 million, while diluted GAAP earnings per share were USD 2.96 for the period ended June 30, 2026. The same quarter also carried a record USD 53.40 billion backlog, supporting management's raised full-year 2026 revenue guidance of USD 39.3 billion to USD 39.7 billion, as reported by MarketBeat. The key test is whether that backlog converts into revenue without a comparable squeeze on profitability.

Two dates frame the next move

The next substantiated date is October 29, 2026, when Quanta Services is scheduled to publish third-quarter results. The release should provide the next quantified update on revenue, earnings and backlog conversion.

Price holds the immediate signal

Quanta Services stock was trading at EUR 573.60 at Lang & Schwarz on October 16, 2026 at 10:44 a.m. CEST. The current euro quote gives investors a fresh market level ahead of the October 29 reporting date.

The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.