Movement Alert｜Quanta Rise 5.46% in Pre-Market Trading, earnings expectations and a higher price target support shares

Market Focus10-29 18:57

On October 29, Quanta rose 5.46% in Pre-Market Trading, trading at $635.00/share, with turnover of $6.10 million.

The move was supported by continued market digestion of expectations ahead of the company’s earnings release, alongside an investment bank raising its price target to $960 from $945 while maintaining a buy rating.

Consensus expectations indicate quarterly revenue of about $10.97 billion, up 48.40% year over year, adjusted EPS of about $4.98, up 53.01%, and EBIT of about $855 million, up 54.90%. Prior reports also showed margin elasticity remained a key focus for investors as the earnings release approached.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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