Primoris Services (PRIM) Q4 Earnings and Revenues Top Estimates

Core Insights - Primoris Services (PRIM) reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of$0.73 per share, and showing an increase from $0.85 per share a year ago, resulting in an earnings surprise of 54.79$1.74 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 10.25% and up from $1.52 billion year-over-year [2] - Primoris Services has consistently outperformed consensus EPS estimates over the last four quarters, with a favorable trend in estimate revisions leading to a Zacks Rank 2 (Buy) for the stock [6] Financial Performance - The earnings surprise for the previous quarter was 28.42$1.22 per share compared to an expected $0.95 per share [1] - The current consensus EPS estimate for the upcoming quarter is$0.77, with projected revenues of $1.48 billion, and for the current fiscal year, the consensus EPS is$4.14 on revenues of $6.52 billion [7] Industry Context - Primoris Services operates within the Zacks Building Products - Heavy Construction industry, which is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The performance of Primoris Services may be influenced by the overall industry trends, as empirical research shows a strong correlation between stock movements and earnings estimate revisions [5]