Earnings Preview: Primoris Services
Portfolio Pulse from Benzinga Insights
Primoris Services (NASDAQ:PRIM) is scheduled to release its quarterly earnings report on 2024-02-26, with analysts estimating an EPS of $0.67. Historical data shows positive stock price reactions to earnings beats. Shares are currently trading at $39.51, up 52.79% over the last 52 weeks. Investors are looking for a beat on the estimated EPS and positive guidance for future growth.
February 23, 2024 | 5:00 pm
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Primoris Services is expected to announce an EPS of $0.67 in its upcoming earnings report, with historical performance indicating potential for a positive stock price reaction if expectations are exceeded.
Given PRIM's history of positive stock price reactions to earnings beats and the current analyst expectations, a beat or positive guidance could lead to a short-term increase in stock price. The company's past performance, including a 52.79% increase over the last 52 weeks, supports investor optimism. However, the market's reaction can be unpredictable, and guidance will also play a crucial role.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100