Primoris Services Corp reports results for the quarter ended December 31 - Earnings Summary

• Primoris Services Corp PRIM.N reported quarterly adjusted earnings of $1.08​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of twelve analysts for the quarter was for earnings of 99 cents per share. Wall Street expected results to range from 89 cents to $1.28 per share.

• Revenue rose 25.1% to $1.86 billion from a year ago; analysts expected $1.82 billion.

• Primoris Services Corp's reported EPS for the quarter was $1.73​.

• The company reported quarterly net income of $51.8 million.

• Primoris Services Corp shares had risen by 36.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Primoris Services Corp is $158.00, about 4.8% below its last closing price of $165.64

This summary was machine generated from LSEG data February 23 at 11:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)