Primoris Services (NASDAQ:PRIM) reported its Q3 earnings results on Monday, November 8, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Primoris Services their estimated earnings by 14.1%, reporting an EPS of $0.89 versus an estimate of $0.78, which surprised analysts.
Revenue was up $29,455,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07, which was followed by a 12.25% drop in the share price the next day.
Here’s a look at Primoris Services’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.74 | -0.07 | 0.43 | 0.66 |
| EPS Actual | 0.67 | 0.12 | 0.66 | 0.90 |
| Revenue Estimate | 951.50M | 764.72M | 840.34M | 896.54M |
| Revenue Actual | 881.61M | 818.33M | 897.34M | 942.70M |
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