Primoris Services Corp expected to post earnings of 9  cents a share - Earnings Preview

Primoris Services

07/05/2022 03:10

* Primoris Services Corp  PRIM.OQ   PRIM.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9. 
    * The Dallas Texas-based  company is expected to report  a
2.1% decrease in revenue to $801.079 million from $818.33
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 9 cents per share. For the same quarter last
year, the company reported earnings of 12 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 $33​, above​ its last closing price of $23.46. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.72        0.72       0.67      Missed  -7​
 Mar. 31 2021  -0.10       -0.07      0.12      Beat    263.9
 ​​Dec.        0.43        0.43       0.66      Beat    54.1
 31 2020                                                
 Sep. 30 2020  0.67        0.66       0.90      Beat    35.5​
 Jun. 30 2020  0.29        0.29       0.68      Beat    132.9
 Mar. 31 2020  -0.02       -0.01      0.03      Beat    314.3
 This summary was machine generated May 7 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated