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

Primoris Services

05/11/2022 02:12

* Primoris Services Corp  PRIM.OQ   PRIM.O  is expected
to show a
rise in quarterly revenue when it reports  results on November
7. 
    * The Dallas Texas-based  company is expected to report  a
30.0% increase in revenue to $1.187 billion from $913.25 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 79 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 $21.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.77        0.78       0.81      Beat    4.3
 ​​Jun.        0.72        0.72       0.67      Missed  -7
 30 2021                                                
 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. 30 2020  0.67        0.66       0.90      Beat    35.5
 This summary was machine generated November 5 at 02:12 GMT.  All
figures in US dollars  unless otherwise stated