Primoris Services Q1 2024 Adj EPS $0.47 Beats $0.14 Estimate, Sales $1.413B Beat $1.380B Estimate
Portfolio Pulse from Benzinga Newsdesk
Primoris Services (NASDAQ:PRIM) reported Q1 2024 adjusted EPS of $0.47, surpassing the $0.14 estimate, a 161.11% increase from last year's $0.18. Sales reached $1.413B, exceeding the $1.380B forecast, marking a 12.42% increase from the previous year.
May 08, 2024 | 8:41 pm
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Primoris Services reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.47 against a $0.14 estimate and sales of $1.413B against a $1.380B estimate.
The substantial beat on both earnings per share and sales forecasts for Q1 2024 indicates strong company performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
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