Primoris Services Corp expected to post earnings of 72  cents a share - Earnings Preview

Primoris Services

25/02/2023 01:39

* Primoris Services Corp  PRIM.OQ   PRIM.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
27. 
    * The Dallas Texas-based  company is expected to report  a
48.2% increase in revenue to $1.31 billion from $884.45 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 72 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 $28​, above​ its last closing price of $26.22. ​​​

The company's guidance on November 7 2022 for the period ended
December 31 was for Capital Expenditures between USD20 million
and USD30 million.
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 2022  0.80        0.79       0.80      Beat    1.3
 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
 ​​Sep.        0.77        0.78       0.81      Beat    4.3
 30 2021                                                
 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
 This summary was machine generated February 25 at 01:39 GMT. 
All figures in US dollars  unless otherwise stated