We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Primoris Services (PRIM) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Primoris Services (PRIM - Free Report) reported $1.69 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 10.7%. EPS of -$0.27 for the same period compares to $1.68 a year ago.
The reported revenue represents a surprise of -0.51% over the Zacks Consensus Estimate of $1.7 billion. With the consensus EPS estimate being -$0.35, the EPS surprise was +22.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Primoris Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Backlog: $13.86 billion versus the three-analyst average estimate of $12.72 billion.
Total Backlog - Energy: $6.19 billion compared to the $5.81 billion average estimate based on two analysts.
Total Backlog - Utilities: $7.67 billion compared to the $6.95 billion average estimate based on two analysts.
Revenue- Energy: $999.9 million versus the two-analyst average estimate of $932.21 million. The reported number represents a year-over-year change of -19.2%.
Revenue- Utilities: $712.6 million versus the two-analyst average estimate of $730.77 million. The reported number represents a year-over-year change of +2.8%.
Gross Profit- Energy: $-2.7 million versus the two-analyst average estimate of $-13.46 million.
Gross Profit- Utilities: $85.1 million versus the two-analyst average estimate of $85.14 million.
Shares of Primoris Services have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
View the Zacks #1 Rank List
Image: Bigstock
Primoris Services (PRIM) Reports Q2 Earnings: What Key Metrics Have to Say
Primoris Services (PRIM - Free Report) reported $1.69 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 10.7%. EPS of -$0.27 for the same period compares to $1.68 a year ago.
The reported revenue represents a surprise of -0.51% over the Zacks Consensus Estimate of $1.7 billion. With the consensus EPS estimate being -$0.35, the EPS surprise was +22.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Primoris Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Primoris Services here>>>
Shares of Primoris Services have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.