Primoris Services Corp expected to post earnings of 67 cents a share - Earnings Preview

Primoris Services

24/02/2024 24:00

* Primoris Services Corp  PRIM.N   PRIM.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
26 for the period ending December 31 2023
    * The Dallas Texas-based  company is expected to report a
16.3% increase in revenue to $1.546 billion from $1.33 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Primoris Services Corp
is for
earnings of 67 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 $40.50​, above​ its last closing price of $39.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.78        0.78       0.89      Beat    14.3
 Jun. 30 2023  0.56        0.54       0.72      Beat    34
 Mar. 31 2023  -0.11       -0.12      0.02      Beat    116.8​
 Dec. 31 2022  0.73        0.72       0.77      Beat    6.3
 ​​Sep.        0.80        0.79       0.80      Beat    1.3
 30 2022                                                
 Jun. 30 2022  0.57        0.58       0.19      Missed  -67.1​
 Mar. 31 2022  0.11        0.09       -0.03     Missed  -134.3
 Dec. 31 2021  0.57        0.56       0.54      Missed  -3.3
 This summary was machine generated February 24 at 00:00 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)