• Primoris Services Corp PRIM.N reported quarterly adjusted earnings of 98 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of eleven analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 45 cents to 94 cents per share.

• Revenue rose 16.7% to $1.65 billion from a year ago; analysts expected $1.49 billion.

• Primoris Services Corp's reported EPS for the quarter was 81 cents​.

• The company reported quarterly net income of $44.24 million.

• Primoris Services Corp shares had risen by 15.3% this quarter and lost 13.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Primoris Services Corp is $84.50

This summary was machine generated from LSEG data May 5 at 10:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)