Recap: Primoris Services Q4 Earnings
Portfolio Pulse from Benzinga Insights
Primoris Services (NYSE:PRIM) reported Q4 earnings, beating estimates with an EPS of $0.85 against the expected $0.67, a 27.0% increase. Revenue rose by $186.86 million from the previous year. Historically, the company has consistently beaten EPS estimates, leading to a share price increase the following day, as seen in the last quarter with a 3.0% rise.
February 26, 2024 | 9:30 pm
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Primoris Services reported a significant beat on Q4 earnings with an EPS of $0.85, exceeding estimates by 27%, and a notable year-over-year revenue increase.
Given Primoris Services' history of beating EPS estimates and the subsequent positive impact on its share price, the Q4 earnings beat is likely to lead to a short-term increase in PRIM's stock price. The company's consistent performance over recent quarters, as evidenced by its earnings history, supports the expectation of continued investor confidence and potential stock price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100