Primoris Services Corp expected to post earnings of 56  cents a share - Earnings Preview

Primoris Services

25/02/2022 23:25

* Primoris Services Corp  PRIM.OQ   PRIM.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
28. 
    * The Dallas Texas-based  company is expected to report  a
0.5% decrease in revenue to $892.941 million from $897.34
million 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 56 cents per share. For the same quarter last
year, the company reported earnings of 66 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and 1 "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 $35​, about 27.7% above​ its last closing price
of $25.31. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.77        0.78       0.81      Beat    4.3
 Jun. 30 2021  0.72        0.72       0.67      Missed  -7
 Mar. 31 2021  -0.10       -0.07      0.12      Beat    263.9​
 Dec. 31 2020  0.43        0.43       0.66      Beat    54.1
 ​​Sep.        0.67        0.66       0.90      Beat    35.5
 30 2020                                                
 Jun. 30 2020  0.29        0.29       0.68      Beat    132.9​
 Mar. 31 2020  -0.02       -0.01      0.03      Beat    314.3
 Dec. 31 2019  0.53        0.53       0.53      Met     -0.6
 This summary was machine generated February 25 at 23:25 GMT. 
All figures in US dollars  unless otherwise stated