Primoris Services Corp reports results for the quarter ended September 30 - Earnings Summary

• Primoris Services Corp PRIM reported quarterly adjusted earnings of $1.88​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.22. The mean expectation of twelve analysts for the quarter was for earnings of $1.38 per share. Wall Street expected results to range from $1.30 to $1.55 per share.

• Revenue rose 32.1% to $2.18 billion from a year ago; analysts expected $1.84 billion.

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

• The company reported quarterly net income of $94.62 million.

• Primoris Services Corp shares had risen by 3.1% this quarter and gained 85.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "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 $154.00, about 7% above its last closing price of $143.27

This summary was machine generated from LSEG data November 3 at 10:41 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)