Primoris Services (PRIM) Tops Q2 EPS by 39c, FY EPS Guidance Tops Views

Primoris Services (NASDAQ: PRIM) reported Q2 EPS of $0.68, $0.39 better than the analyst estimate of $0.29. Revenue for the quarter came in at $908.2 million versus the consensus estimate of $799.14 million.

GUIDANCE:

Primoris Services sees FY2020 EPS of $1.60-$1.50, versus the consensus of $1.25.

• Balancing the ongoing uncertainty surrounding the COVID-19 pandemic with the expected continued strength in operations across the Company’s Utilities, Transmission, and Civil segments for the remainder of the year, Primoris estimates that for the fiscal year ending December 31, 2020, net income attributable to Primoris will be between $1.60 and $1.80 per fully diluted share.

For earnings history and earnings-related data on Primoris Services (PRIM) click here.

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