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

Primoris Services

09/08/2022 24:27

* Primoris Services Corp  PRIM.OQ  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 58 cents per share.
    * Revenue rose 16% to $1.02 billion from a year ago;
analysts
expected $929.53 million. 
    * Primoris Services Corp's reported EPS for the quarter was
93
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.8%
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 3.1% this
quarter and
lost 6.5% so far this year.
    * The company reported quarterly net income of $50.15
million.
    * Wall Street's median 12-month price target for Primoris
Services
Corp is $33.00 
    * 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 August 8
at 11:27 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.58           0.19           Missed
 Mar. 31 2022      0.09           -0.03          Missed
 Dec. 31 2021      0.56           0.54           Missed
 Sep. 30 2021      0.78           0.81           Beat