Primoris Services (PRIM) Is Up 8.18% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Primoris Services (PRIM) - Primoris Services currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, PRIM shares increased by 8.18%, outperforming the Zacks Building Products - Heavy Construction industry, which rose by 4.72% [5] - In a longer timeframe, PRIM's shares have risen by 39.98% over the last three months and 67.21% over the past year, compared to the S&P 500's gains of 10.24% and 14.41%, respectively [6] Trading Volume - The average 20-day trading volume for PRIM is 805,363 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for PRIM have been revised upwards, increasing the consensus estimate from $4.33 to $4.48 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, PRIM is identified as a promising momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]