Movement Alert｜Quanta Pre-Market Rise 3.66%, target price increase and earnings expectations support sentiment

Market Focus10-28 19:13

On October 28, Quanta rose 3.66% in Pre-Market Trading, trading around $594.38/share, with turnover of $385.3 thousand.

The move coincided with continued market digestion of its upcoming earnings expectations and a target price increase to $960 from $945, while the bank maintained a buy rating.

Background figures show consensus expects the October 29 pre-market report to deliver 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%. Earlier market commentary had also highlighted margin flexibility as a key point of focus into the release.

(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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