Looking for a Growth Stock? 3 Reasons Why Quanta Services (PWR) is a Solid Choice

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Quanta Services identified as a strong candidate due to its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - Quanta Services has a historical EPS growth rate of 23.2%, with projected EPS growth of 18.3% for the current year, surpassing the industry average of 14.9% [5]. Group 2: Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 1.4, indicating it generates $1.4 in sales for every dollar in assets, which is higher than the industry average of 1.14 [7]. Group 3: Sales Growth - Quanta Services is expected to achieve a sales growth of 14.1% this year, significantly outpacing the industry average of 6.2% [7]. Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Quanta Services, with the Zacks Consensus Estimate for the current year increasing by 0.4% over the past month [8]. Group 5: Overall Positioning - Quanta Services holds a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [9].