Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.

Let's now take a look at one standout stock that could be a perfect fit for your portfolio.

Why You Should Pay Attention to Quanta Services (PWR)

Quanta Services, Inc. is a leading national provider of specialty contracting services, and one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry. Quanta has operations in the United States, Canada, Australia and other selected international markets.

On December 23, 2021, PWR was added to the Zacks Focus List at $111.52 per share. Shares have increased 157.66% to $287.74 since then.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.01 to $10.23. PWR also boasts an average earnings surprise of 6%.

Earnings for Quanta Services are forecasted to see growth of 14.1% for the current fiscal year as well.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like PWR, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Quanta Services, Inc. (PWR) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research