Primoris Services Corp (NYSE: PRIM) has reported earnings for its third fiscal quarter (ending September 30) of $0.90 versus $0.81 for the same period a year ago — an increase of 11%. This performance was $0.04 better than the consensus estimate of $0.86. For the latest four quarters through September 30, E.P.S. were $2.44 versus $2.27 for the same period a year ago — an increase of 7%.
Recent Price Action
Primoris Services Corp (NYSE: PRIM) stock declined by -1.9% on 11/7/23. The shares closed at $29.76. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
PRIM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Primoris Services has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Primoris Services has a good Appreciation Score of 77 and a very high Power Rating of 96, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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