Primoris Services Sees FY24 Adj. EPS $3.25-$3.45 Vs $2.94n Est.; Net Income $148.5M-$159.5M
Portfolio Pulse from Benzinga Newsdesk
Primoris Services has projected its FY24 adjusted EPS to be between $3.25 and $3.45, surpassing the estimated $2.94. The company also expects net income to range from $148.5 million to $159.5 million.
August 05, 2024 | 9:13 pm
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POSITIVE IMPACT
Primoris Services has provided a strong earnings outlook for FY24, with adjusted EPS expected to be significantly higher than estimates. This positive guidance is likely to boost investor confidence and drive the stock price up in the short term.
The company's projected adjusted EPS for FY24 is significantly higher than the market estimate, indicating strong financial performance. This positive outlook is likely to attract investors and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100