Primoris Services Expects 2024 Adjusted EPS Of $3.05-$3.25, Est $2.93
Portfolio Pulse from Benzinga Newsdesk
Primoris Services projects its 2024 adjusted EPS to be between $3.05 and $3.25, surpassing the estimated $2.93. The company also forecasts its 2024 earnings per share to be between $2.50 and $2.70, with adjusted EBITDA expected to range from $395 to $415 million.
February 26, 2024 | 9:42 pm
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Primoris Services expects its 2024 adjusted EPS to exceed analyst estimates, projecting a range of $3.05 to $3.25 against the expected $2.93. The company also anticipates its earnings per share to be between $2.50 and $2.70, with adjusted EBITDA forecasted to be between $395 to $415 million.
Primoris Services' projection of its 2024 adjusted EPS to be higher than analyst estimates is a positive signal to investors, indicating potential growth and financial health. This news is likely to generate positive sentiment among investors, potentially leading to an increase in the stock price in the short term. The detailed financial forecasts provided by the company, including both EPS and adjusted EBITDA, further support the positive outlook, offering a clear picture of expected financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100