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.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

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.

PWR was added to the Zacks Focus List on December 23, 2021 at $111.52 per share. Since then, shares have increased 268.53% to $410.99.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $10.33. PWR boasts an average earnings surprise of 4.8%.

Earnings for Quanta Services' are forecasted to see growth of 15.2% for the current fiscal year as well.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like PWR offer investors a great opportunity to get 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).

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