Primoris Services Corp expected to post earnings of 79 cents a share - Earnings Preview

Primoris Services

03/08/2024 24:21

* Primoris Services Corp  PRIM.N   PRIM.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 5
for the period ending June 30 2024
    * The Dallas Texas-based  company is expected to report a
8.7% increase in revenue to $1.537 billion from $1.41 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 79 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 $62.00​, above​ its last closing price of $50.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.16        0.14       0.47      Beat    248.1
 Dec. 31 2024  0.64        0.67       0.69      Beat    3.3
 Sep. 30 2023  0.78        0.78       0.89      Beat    14.3​
 Jun. 30 2023  0.56        0.54       0.72      Beat    34
 ​​Mar.        -0.11       -0.12      0.02      Beat    116.8
 31 2023                                                
 Jan. 1 0001   0.73        0.72       0.77      Beat    6.3​
 Sep. 30 2022  0.80        0.79       0.80      Beat    1.3
 Jan. 1 0001   0.57        0.58       0.19      Missed  -67.1
 This summary was machine generated August 2 at 23:21 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)