Primoris Services Earnings Forecast: Key Insights Ahead of Report
Understanding the Upcoming Earnings Release for Primoris Services
Primoris Services (NASDAQ: PRIM) is set to share its quarterly earnings report soon. Investors are eagerly awaiting this announcement to gain insights into the company's financial performance and future guidance. This article explores what analysts are predicting ahead of the release.
Analyst Expectations and Earnings Outlook
Foreseeably, analysts anticipate that Primoris Services will report an earnings per share (EPS) of $1.06. Investors are looking for positive news, especially given recent trends suggesting that guidance issued by companies can significantly affect stock prices.
Reviewing Past Earnings Performance
Last quarter, Primoris Services managed to beat expectations by $0.32; however, this success was followed by a 2.94% drop in its share price. This illustrates how often market reactions can be unpredictable, and investors must remain alert to nuances in earnings perceptions.
In prior quarters, Primoris's earnings showed variability, with the following performance metrics available:
- Q1 2025: EPS Estimate: 0.66, Actual: 0.98, Price Change: -3.0%
- Q4 2024: EPS Estimate: 0.75, Actual: 1.13, Price Change: 10.0%
- Q3 2024: EPS Estimate: 1.02, Actual: 1.22, Price Change: 15.0%
- Q2 2024: EPS Estimate: 0.79, Actual: 1.04, Price Change: 6.0%
Current Stock Performance of Primoris Services
As of late July, shares of Primoris Services traded at $94.17, reflecting a robust increase of 90.71% over the past year. Given these positive returns, sentiment among long-term shareholders appears to be optimistic as they approach the forthcoming earnings report.
What Analysts Are Saying About Primoris Services
The financial outlook for Primoris Services appears favorable according to recent analyst ratings, which convey an overall consensus of 'Outperform.' Notably, the average target price is estimated at $93.67, forecasting a marginal downside of 0.53% from current levels.
Peer Comparison: Insights from Nearby Industry Players
Within the industry context, it is important to assess how Primoris Services is positioned relative to its peers, such as WillScot Holdings, Granite Construction, and Everus Construction Group. Here’s a look at their projective trajectories:
- WillScot Holdings holds an 'Outperform' ranking with a projected price target of $39.00.
- Granite Construction is rated with a 'Sell' rating, with a target price of $76.00.
- Everus Construction Group is seen as a 'Buy' with a price target of $73.00.
Key Findings from Peer Analysis Summary
The analysis reveals critical business metrics across the industry:
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|---|---|---|---|---|
| Primoris Services | Outperform | 16.66% | $170.66M | 3.10% |
| WillScot Holdings | Outperform | -4.71% | $300.37M | 4.24% |
| Granite Construction | Sell | 4.06% | $83.85M | -3.35% |
| Everus Construction Group | Buy | 32.12% | $92.49M | 8.31% |
Key Takeaway: Primoris Services stands out for its revenue growth among its peers, indicating a strong performance that contrasts with the lower growth rates exhibited by other competitors.
Background on Primoris Services
Primoris Services Corp specializes in infrastructure services, primarily operating in the construction sector. Their expertise spans maintenance, installation, and a variety of engineering services that cater to a diverse customer base. The dual divisions of operations include Utilities and Energy, encompassing essential services that support infrastructure development.
Economic Implications for Primoris Services
Market Capitalization: The market capitalization of Primoris Services suggests it operates on a smaller scale than many of its peers, which can influence investor perceptions.
Revenue Growth: Last quarter revealed a significant revenue increase of 16.66%, indicating a positive trend within its financials despite the competitive landscape.
Profitability Ratios: The company’s net margin of 2.68% highlights challenges, reflecting below-average profitability, while a debt-to-equity ratio of 0.73 suggests a healthy capital structure.
Frequently Asked Questions
What is the anticipated EPS for Primoris Services?
Analysts predict an EPS of $1.06 for the upcoming quarterly earnings report.
How did Primoris perform in the last quarter?
The company exceeded its EPS expectations by $0.32 last quarter, although its share price fell by 2.94% the following day.
What price movements should investors be watching?
Currently, Primoris shares are trading at $94.17, with a yearly increase of 90.71%, attracting attention for potential investment opportunities.
How does Primoris compare to its industry peers?
Compared to competitors like WillScot and Granite Construction, Primoris shows strong revenue growth metrics.
What are analysts predicting for the stock in the future?
The consensus among analysts remains positive, with an 'Outperform' rating and a slight downside of 0.53% from current price levels.
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