Primoris Services Q4 2023 Adj EPS $0.85 Beats $0.67 Estimate, Sales $1.52B Miss $1.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Primoris Services (NASDAQ:PRIM) reported Q4 2023 adjusted EPS of $0.85, surpassing the $0.67 estimate, but its sales of $1.52B fell short of the $1.55B estimate. This represents a 8.6% decrease in EPS and a 14.06% increase in sales year-over-year.
February 26, 2024 | 9:29 pm
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NEUTRAL IMPACT
Primoris Services reported a mixed Q4 2023 with an EPS beat and a slight miss on sales forecasts.
The mixed results with an earnings beat but a slight miss on sales could lead to a neutral short-term impact on PRIM's stock price. Investors may react positively to the earnings beat, but the sales miss could temper enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100