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

Primoris Services

07/08/2023 23:16

* Primoris Services Corp  PRIM.N  reported quarterly
adjusted
earnings of 72 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 54 cents per share.
    * Revenue rose 38.2% to $1.41 billion from a year ago;
analysts
expected $1.35 billion. 
    * Primoris Services Corp's reported EPS for the quarter was
72
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.6%
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 4.2% this
quarter and
gained 44.7% so far this year.
    * The company reported quarterly net income of $39.03
million.
    * Wall Street's median 12-month price target for Primoris
Services
Corp is $34.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:16 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.54           0.72           Beat
 Mar. 31 2023      -0.12          0.02           Beat
 Dec. 31 2022      0.72           0.77           Beat
 Sep. 30 2022      0.79           0.80           Beat