Primoris Services Q2 2024 Adj. EPS $1.04 Beats $0.79 Estimate, Sales $1.564B Beat $1.537B Estimate
Portfolio Pulse from Benzinga Newsdesk
Primoris Services (NASDAQ:PRIM) reported Q2 2024 adjusted EPS of $1.04, beating the $0.79 estimate by 31.65%. Sales were $1.564 billion, surpassing the $1.537 billion estimate by 1.78%. This represents a 30% increase in EPS and a 10.69% increase in sales compared to the same period last year.
August 05, 2024 | 8:54 pm
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Primoris Services reported strong Q2 2024 results with EPS of $1.04 beating estimates by 31.65% and sales of $1.564 billion beating estimates by 1.78%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, suggests positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100