Primoris Services Corporation (PRIM)
NYSE: PRIM · IEX Real-Time Price · USD
42.57
+0.57 (1.36%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Primoris Services Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Primoris Services stock have an average target of 41.5, with a low estimate of 38 and a high estimate of 45. The average target predicts a decrease of -2.51% from the current stock price of 42.57.

Analyst Consensus: Buy
Target Low Average Median High
Price $38 $41.5 $45 $45
Change -10.74% -2.51% +5.71% +5.71%

Analyst Ratings

The average analyst rating for PRIM stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 111100
Hold 111111
Sell 000000
Strong Sell 000000
Total 333322

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Hold
Maintains
$34$38
Hold Maintains $34$38 -10.74% Feb 29, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$40$45
Strong Buy Maintains $40$45 +5.71% Feb 28, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$34$40
Strong Buy Maintains $34$40 -6.04% Aug 10, 2023
Goldman Sachs
Goldman Sachs
Hold
Maintains
$27$30
Hold Maintains $27$30 -29.53% Jul 17, 2023
Goldman Sachs
Goldman Sachs
Hold
Upgrades
$23$27
Hold Upgrades $23$27 -36.58% Apr 3, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
6.19B
from 5.72B
Increased by 8.38%
Revenue Next Year
6.63B
from 6.19B
Increased by 7.02%
EPS This Year
2.85
from 2.33
Increased by 22.49%
EPS Next Year
3.24
from 2.85
Increased by 13.70%
Year 20192020202120222023202420252026
Revenue
3.11B3.49B3.50B4.42B5.72B6.19B6.63B6.89B
Revenue Growth
5.68%12.40%0.18%26.39%29.29%8.38%7.02%3.97%
EPS
1.612.162.172.472.332.853.243.77
EPS Growth
7.33%34.16%0.46%13.82%-5.67%22.49%13.70%16.31%
No. Analysts -----884
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 6.5B 7.1B 7.3B
Avg 6.2B 6.6B 6.9B
Low 5.9B 6.2B 6.4B

Revenue Growth

Revenue Growth 202420252026
High
13.3%
14.2%
10.4%
Avg
8.4%
7.0%
4.0%
Low
3.0%
-0.6%
-3.2%

EPS Forecast

EPS 202420252026
High 3.26 3.60 3.89
Avg 2.85 3.24 3.77
Low 2.53 2.75 3.63

EPS Growth

EPS Growth 202420252026
High
39.7%
26.2%
19.7%
Avg
22.5%
13.7%
16.3%
Low
8.5%
-3.5%
11.7%
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.