Primoris Services Corporation (PRIM)
NYSE: PRIM · Real-Time Price · USD
63.29
-0.27 (-0.42%)
Oct 29, 2024, 4:00 PM EDT - Market closed

Primoris Services Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Primoris Services stock have an average target of 61, with a low estimate of 43 and a high estimate of 75. The average target predicts a decrease of -3.62% from the current stock price of 63.29.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $43 $61 $71 $75
Change -32.06% -3.62% +12.18% +18.50%

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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 222222
Buy 000001
Hold 111111
Sell 000000
Strong Sell 000000
Total 333334

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Strong Buy
Maintains
$69$75
Strong Buy Maintains $69$75 +18.50% Oct 23, 2024
JP Morgan
JP Morgan
Buy
Initiates
$71
Buy Initiates $71 +12.18% Oct 7, 2024
UBS
UBS
Strong Buy
Maintains
$44$63
Strong Buy Maintains $44$63 -0.46% Apr 5, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$38$43
Hold Maintains $38$43 -32.06% Apr 4, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$45$55
Strong Buy Maintains $45$55 -13.10% Apr 4, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.21B
from 5.72B
Increased by 8.67%
Revenue Next Year
6.63B
from 6.21B
Increased by 6.76%
EPS This Year
3.41
from 2.33
Increased by 46.56%
EPS Next Year
3.88
from 3.41
Increased by 13.74%
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
3.11B3.49B3.50B4.42B5.72B6.21B6.63B6.98B
Revenue Growth
5.68%12.40%0.18%26.39%29.29%8.67%6.76%5.22%
EPS
1.612.162.172.472.333.413.884.24
EPS Growth
7.33%34.16%0.46%13.82%-5.67%46.56%13.74%9.16%
Forward PE
-----18.5316.2914.93
No. Analysts -----886
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 6.7B 7.2B 7.5B
Avg 6.2B 6.6B 7.0B
Low 5.8B 6.2B 6.5B

Revenue Growth

Revenue Growth 202420252026
High
16.5%
15.3%
12.8%
Avg
8.7%
6.8%
5.2%
Low
2.0%
0.0%
-1.4%

EPS Forecast

EPS 202420252026
High 3.58 4.15 4.78
Avg 3.41 3.88 4.24
Low 3.19 3.57 3.62

EPS Growth

EPS Growth 202420252026
High
53.7%
21.5%
23.0%
Avg
46.6%
13.7%
9.2%
Low
37.1%
4.5%
-6.9%
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.