Primoris Services Corp (NYSE: PRIM) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.71 versus $0.78 for the same period a year ago — a decline of -9%. This result fell short of the consensus estimate of $0.76 by $-0.05. For the latest four quarters through December 31, E.P.S. were $2.37 versus $2.50 for the same period a year ago — a decline of -5%.
Recent Price Action
Primoris Services Corp (NYSE: PRIM) stock increased 1.6% on 2/26/24. The shares closed at $40.54. Moreover, unusually high trading volume at 186% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRIM is expected to continue to be a Value Builder.
Primoris Services has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Primoris Services has a good Appreciation Score of 71 and a good Power Rating of 81, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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