Primoris Services Raises FY23 Adjusted EPS Guidance From $2.50-$2.70 To $2.60-$2.80; Consensus $2.32
Portfolio Pulse from Benzinga Newsdesk
Primoris Services has increased its FY23 adjusted EPS guidance from $2.50-$2.70 to $2.60-$2.80, surpassing the consensus estimate of $2.32.
August 07, 2023 | 8:51 pm
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POSITIVE IMPACT
Primoris Services has raised its FY23 adjusted EPS guidance, which is higher than the consensus estimate. This could potentially lead to a positive market reaction.
Companies often see their stock prices increase when they raise their earnings guidance, especially when the new guidance is above the consensus estimate. This is because it signals to investors that the company is expecting to perform better than previously thought.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100