Movement Alert｜Quanta After-Hours Rise 3.48%, earnings expectations and a higher price target remained in focus

Market Focus10-29 04:43

On October 29, Quanta rose 3.48% in After-Hours Trading, trading at $624.7 per share, with turnover of $52.8493 million.

The move coincided with continued market focus on the company ahead of its scheduled earnings release, while a brokerage also raised its price target to $960 from $945 and maintained a Buy rating.

Consensus expectations cited in recent market coverage point to quarterly revenue of about $10.965 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%. Earlier reporting also highlighted margin elasticity as a key issue for investors, indicating that beyond top-line growth, profitability conversion remains central to the earnings setup.

(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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