Primoris Services Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Primoris Services stock have an average target of 77.25, with a low estimate of 71 and a high estimate of 85. The average target predicts a decrease of -3.46% from the current stock price of 80.02.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$71	$77.25	$78	$85
Change	-11.27%	-3.46%	-2.52%	+6.22%

Analyst Ratings

The average analyst rating for PRIM stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brent Thielman DA Davidson	DA Davidson	Strong Buy Maintains $60 → $85	Strong Buy	Maintains	$60 → $85	+6.22%	Nov 6, 2024
Jerry Revich Goldman Sachs	Goldman Sachs	Hold Maintains $51 → $78	Hold	Maintains	$51 → $78	-2.52%	Nov 6, 2024
Steven Fisher UBS	UBS	Strong Buy Maintains $69 → $75	Strong Buy	Maintains	$69 → $75	-6.27%	Oct 23, 2024
Drew Chamberlain JP Morgan	JP Morgan	Buy Initiates $71	Buy	Initiates	$71	-11.27%	Oct 7, 2024
Steven Fisher UBS	UBS	Strong Buy Maintains $44 → $63	Strong Buy	Maintains	$44 → $63	-21.27%	Apr 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.36B

from 5.72B

11.33%

from 5.72B

Revenue Next Year

6.71B

from 6.36B

5.41%

from 6.36B

EPS This Year

3.51

from 2.33

50.74%

from 2.33

EPS Next Year

4.00

from 3.51

13.89%

from 3.51

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.11B	3.49B	3.50B	4.42B	5.72B	6.36B	6.71B	7.00B
Revenue Growth	5.68%	12.40%	0.18%	26.39%	29.29%	11.33%	5.41%	4.43%
EPS	1.61	2.16	2.17	2.47	2.33	3.51	4.00	4.65
EPS Growth	7.33%	34.16%	0.46%	13.82%	-5.67%	50.74%	13.89%	16.17%
Forward PE	-	-	-	-	-	22.78	20.00	17.22
No. Analysts	-	-	-	-	-	9	9	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	6.7B	7.2B	7.5B
Avg	6.4B	6.7B	7.0B
Low	6.0B	6.3B	6.6B

Revenue Growth

Revenue Growth	2024	2025	2026
High	16.5%	12.6%	12.3%
Avg	11.3%	5.4%	4.4%
Low	5.6%	-0.6%	-2.0%

EPS Forecast

EPS	2024	2025	2026
High	3.70	4.36	4.97
Avg	3.51	4.00	4.65
Low	3.28	3.57	4.26

EPS Growth

EPS Growth	2024	2025	2026
High	58.6%	24.1%	24.2%
Avg	50.7%	13.9%	16.2%
Low	40.9%	1.6%	6.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.