Zacks downgrades Quanta Services stock to Hold

Published on 10/12/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 9.56 billion, up 41.10 percent year over year. Quanta Services stock costs EUR 632.20 on October 12, 2026.

Key points in brief

Zacks Research downgraded Quanta Services from Strong Buy to Hold in a note issued October 7, 2026.
Second-quarter 2026 revenue reached USD 9.56 billion, up 41.10 percent year over year.
Quanta Services stock was at EUR 632.20 at Lang & Schwarz on October 12, 2026 at 11:11 a.m. CEST.
The company raised fiscal 2026 adjusted earnings guidance to USD 16.45-16.95 per share.

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Zacks Research downgraded Quanta Services stock from Strong Buy to Hold in a research note issued October 7, 2026, as MarketBeat reported. At Lang & Schwarz, the stock was trading at EUR 632.20 on October 12, 2026 at 11:11 a.m. CEST.

Three dated signals shape Quanta

On July 30, 2026, Quanta reported second-quarter revenue of USD 9.56 billion, compared with USD 6.77 billion in the prior-year quarter, while adjusted diluted earnings per share reached USD 4.24 versus USD 2.48. The figures were reported in the company's quarterly filing summary by TickerScout.

On September 9, 2026, Quanta's board expanded from ten to eleven directors and elected Ellen Rubin to the new seat, according to TickerScout. The filing summary identifies Rubin as an operating partner at Glasswing Ventures and says she joined the Audit Committee and the Safety, Operations and Risk Committee.

On October 7, 2026, MarketBeat reported that Zacks Research cut its rating from Strong Buy to Hold. The same report listed 22 Buy ratings, eight Holds and three Sells, with an average target of USD 765.32.

What supports the valuation?

Quanta's second-quarter revenue increased 41.10 percent year over year to USD 9.56 billion, and the quarter's adjusted diluted earnings per share rose from USD 2.48 to USD 4.24. The comparison points to faster earnings growth than the revenue increase, although the reported figures use adjusted earnings rather than GAAP earnings.

The company raised fiscal 2026 guidance to USD 39.30-39.70 billion of revenue and USD 16.45-16.95 of adjusted diluted earnings per share. Zacks also reported a record backlog of USD 53.00 billion and fiscal 2026 free cash flow guidance of USD 2.00-2.50 billion.

Next reporting date

A filing projection cited by TickerScout points to October 29, 2026 for Quanta's next Form 10-Q. That date is a projection based on the company's filing history rather than a company-announced reporting date.

Stock price and company profile

Quanta Services was trading at EUR 632.20 at Lang & Schwarz on October 12, 2026 at 11:11 a.m. CEST. The company is listed on the New York Stock Exchange under ticker PWR, with a market capitalization of USD 106.1 billion as of October 9, 2026. Its reported 52-week range was USD 404.51 to USD 788.75.

Quanta Services provides engineering, construction, repair and maintenance services for electric power, energy and communications infrastructure. Stock Analysis identifies the company as an Industrials business in the Engineering and Construction industry.

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