Primoris Services Corp expected to post earnings of 54  cents a share - Earnings Preview

Primoris Services

05/08/2023 24:19

* Primoris Services Corp  PRIM.N   PRIM.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 7. 
    * The Dallas Texas-based  company is expected to report  a
32.2% increase in revenue to $1.353 billion from $1.02 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Primoris Services
Corp is
for earnings of 54 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Primoris
Services
Corp is $34​, above​ its last closing price of $31.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.11       -0.12      0.02      Beat    116.8
 Dec. 31 2023  0.73        0.72       0.77      Beat    6.3
 Sep. 30 2022  0.80        0.79       0.80      Beat    1.3​
 Jun. 30 2022  0.57        0.58       0.19      Missed  -67.1
 ​​Mar.        0.11        0.09       -0.03     Missed  -134.3
 31 2022                                                
 Dec. 31 2021  0.57        0.56       0.54      Missed  -3.3​
 Sep. 30 2021  0.77        0.78       0.81      Beat    4.3
 Jun. 30 2021  0.72        0.72       0.67      Missed  -7
 This summary was machine generated August 4 at 23:19 GMT.  All
figures in US dollars  unless otherwise stated