Movement Alert｜Quanta Intraday Rise 3.09% in Regular Trading, earnings expectations and a higher target price supported sentiment

Market Focus10-28 21:33

On October 28, Quanta posted an Intraday Rise of 3.09% in Regular Trading, trading at $586.985 per share, with turnover of $36.5061 million.

The move coincided with continued market digestion of the company’s upcoming earnings expectations ahead of its October 29 pre-market report, alongside a target price increase to $960 from $945 while a buy rating was maintained.

Consensus figures cited ahead of the release 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 commentary indicated margin flexibility remained a key focus after the prior quarter delivered revenue of about $9.557 billion and a gross margin of 16.17%, reinforcing why earnings-related expectations are central to the stock’s near-term trading.

(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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