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

Primoris Services

07/11/2022 22:52

* Primoris Services Corp  PRIM.OQ  reported quarterly
adjusted
earnings of 80 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 79 cents per share.
    * Revenue rose 40.6% to $1.28 billion from a year ago;
analysts
expected $1.19 billion. 
    * Primoris Services Corp's reported EPS for the quarter was
80
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Primoris Services Corp shares had risen by 31.5% this
quarter and lost 10.9% so far this year.
    * The company reported quarterly net income of $43.04
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 November
7 at 10:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.79           0.80           Beat
 Jun. 30 2022      0.58           0.19           Missed
 Mar. 31 2022      0.09           -0.03          Missed
 Dec. 31 2021      0.56           0.54           Missed