Primoris Services Corp reports results for the quarter ended December 31 - Earnings Summary

Primoris Services

24/02/2025 22:01

* Primoris Services Corp  PRIM.N  reported quarterly
adjusted
earnings of $1.13​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 69 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 75 cents per share. Wall
Street expected results to range from 71 cents to 78 cents per
share.
    * Revenue rose 14.9% to $1.74 billion from a year ago;
analysts
expected $1.59 billion. 
    * Primoris Services Corp's reported EPS for the quarter was
99
cents​.
    * The company reported quarterly net income of $53.97
million.
    * Primoris Services Corp shares had fallen by 13.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Primoris Services
Corp is $91.00 
This summary was machine generated from LSEG data February 24 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.75           1.13           Beat
 Sep. 30 2024      1.02           1.22           Beat
 Jun. 30 2024      0.79           1.04           Beat
 Mar. 31 2024      0.14           0.47           Beat