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

Primoris Services

27/02/2023 23:51

* Primoris Services Corp  PRIM.OQ  reported quarterly
adjusted
earnings of 77 cents​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for earnings of 72 cents per share.
    * Revenue rose 50.3% to $1.33 billion from a year ago;
analysts
expected $1.31 billion. 
    * Primoris Services Corp's reported EPS for the quarter was
77
cents​.
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Primoris Services Corp shares had risen by 19.5% this
quarter.
    * The company reported quarterly net income of $41.5
million.
    * Wall Street's median 12-month price target for Primoris
Services
Corp is $28.00 
    * 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." 

This summary was machine generated from Refinitiv data February
27 at 11:51 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.72           0.77           Beat
 Sep. 30 2022      0.79           0.80           Beat
 Jun. 30 2022      0.58           0.19           Missed
 Mar. 31 2022      0.09           -0.03          Missed