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NASDAQ: PRIM
Primoris Services Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for PRIM

Based on 2 analysts offering 12 month price targets for Primoris Services Corp.
Min Forecast
$22.50-5.3%
Avg Forecast
$25.25+6.27%
Max Forecast
$28.00+17.85%

Should I buy or sell PRIM stock?

Based on 2 analysts offering ratings for Primoris Services Corp.
Hold
Strong Buy
1 analysts 50%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
1 analysts 50%

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PRIM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Goldman Sachs
Top 5%
96
Strong SellMaintains$22.50-5.30%2023-03-06
Morgan Stanley
Top 17%
84
Strong BuyMaintains$28.00+17.85%2022-11-16
Anonymous
Goldman Sachs
Strong SellMaintains$21.00-11.62%2022-05-11

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Forecast return on equity

Is PRIM forecast to generate an efficient return?
Company
15.53%
Industry
19.72%
Market
51.6%
PRIM's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PRIM forecast to generate an efficient return on assets?
Company
4.86%
Industry
7.16%
PRIM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PRIM earnings per share forecast

What is PRIM's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$2.76+10.4%
Avg 2 year Forecast
$3.24+29.6%
PRIM's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

PRIM revenue forecast

What is PRIM's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$4.5B+0.88%
Avg 2 year Forecast
$4.7B+5.69%
PRIM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PRIM earnings growth forecast

How is PRIM forecast to perform vs Engineering & Construction companies and vs the US market?
Company
10.4%
Industry
111.95%
Market
78.08%
PRIM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PRIM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PRIM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PRIM revenue growth forecast

How is PRIM forecast to perform vs Engineering & Construction companies and vs the US market?
Company
0.88%
Industry
3.46%
Market
25.6%
PRIM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PRIM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PRIM vs Engineering & Construction Stocks

TickerPricePrice TargetUp/downsideConsensus
PRIM$23.76$25.25+6.27%Hold
STRL$37.90$34.00-10.29%Buy
ROAD$26.59$30.00+12.82%Strong Buy
NVEE$99.02$130.00+31.29%Hold
IESC$41.47N/AN/A
View Top Engineering & Construction Stocks

Primoris Services Stock Forecast FAQ

Is Primoris Services Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: PRIM) stock is to Hold PRIM stock.

Out of 2 analysts, 1 (50%) are recommending PRIM as a Strong Buy, 0 (0%) are recommending PRIM as a Buy, 0 (0%) are recommending PRIM as a Hold, 0 (0%) are recommending PRIM as a Sell, and 1 (50%) are recommending PRIM as a Strong Sell.

If you're new to stock investing, here's how to buy Primoris Services stock.

What is PRIM's earnings growth forecast for 2023-2024?

(NASDAQ: PRIM) Primoris Services's forecast annual earnings growth rate of 10.4% is not forecast to beat the US Engineering & Construction industry's average forecast earnings growth rate of 111.95%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.08%.

Primoris Services's earnings in 2023 is $133,021,000.On average, 3 Wall Street analysts forecast PRIM's earnings for 2023 to be $146,653,944, with the lowest PRIM earnings forecast at $131,244,653, and the highest PRIM earnings forecast at $170,564,913.

In 2024, PRIM is forecast to generate $172,158,978 in earnings, with the lowest earnings forecast at $154,624,267 and the highest earnings forecast at $189,162,334.

What is PRIM's revenue growth forecast for 2023-2024?

(NASDAQ: PRIM) Primoris Services's forecast annual revenue growth rate of 0.88% is not forecast to beat the US Engineering & Construction industry's average forecast revenue growth rate of 3.46%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.6%.

Primoris Services's revenue in 2023 is $4,420,599,000.On average, 2 Wall Street analysts forecast PRIM's revenue for 2023 to be $236,966,205,954, with the lowest PRIM revenue forecast at $214,631,235,349, and the highest PRIM revenue forecast at $259,301,176,560.

In 2024, PRIM is forecast to generate $248,251,652,038 in revenue, with the lowest revenue forecast at $222,483,597,618 and the highest revenue forecast at $274,019,706,459.

What is PRIM's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: PRIM) forecast ROA is 4.86%, which is lower than the forecast US Engineering & Construction industry average of 7.16%.

What is PRIM's Price Target?

According to 2 Wall Street analysts that have issued a 1 year PRIM price target, the average PRIM price target is $25.25, with the highest PRIM stock price forecast at $28.00 and the lowest PRIM stock price forecast at $22.50.

On average, Wall Street analysts predict that Primoris Services's share price could reach $25.25 by Mar 6, 2024. The average Primoris Services stock price prediction forecasts a potential upside of 6.27% from the current PRIM share price of $23.76.

What is PRIM's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: PRIM) Primoris Services's current Earnings Per Share (EPS) is $2.50. On average, analysts forecast that PRIM's EPS will be $2.76 for 2023, with the lowest EPS forecast at $2.47, and the highest EPS forecast at $3.21. In 2024, PRIM's EPS is forecast to hit $3.24 (min: $2.91, max: $3.56).

What is PRIM's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: PRIM) forecast ROE is 15.53%, which is considered weak.
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