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

Primoris Services

10/05/2022 24:00

* Primoris Services Corp  PRIM.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in March. The
mean expectation of eight analysts for the quarter was
for earnings of 9 cents per share.
    * Revenue fell 4.1% to $784.38 million from a year ago; 
analysts
expected $801.08 million. 
    * The mean earnings estimate of analysts had fallen by
about 62.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Primoris Services Corp shares had fallen by 1.5% this
quarter and lost 2.2% so far this year.
    * 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 May 9 at 11:00 p.m.  ​All
figures in US dollars unless otherwise stated