On July 30, Quanta rose 3.87% in after-hours trading to $574.2 per share, with turnover of approximately $91.98 million. The rebound coincides with the company's scheduled Q2 earnings release window, reversing a three-session decline that had weighed on shares.

Quanta is set to report Q2 results before market open on July 30, with consensus analyst expectations of $3.03 EPS. The stock had fallen roughly 6% over the prior three sessions after JPMorgan downgraded the stock from Overweight to Neutral on July 21, slashing its price target from $805 to $714. Jefferies had earlier cut its target from $857 to $784. Despite these downgrades, the average analyst rating remains Overweight with a mean price target of $803.46, suggesting the recent selloff may have been viewed as overdone ahead of earnings.

Notably, in the prior quarter reported on April 30, Quanta delivered a major EPS and revenue beat driven by record infrastructure demand and raised its full-year outlook, which may be bolstering investor confidence heading into the upcoming report.

(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.)