Primoris Services (PRIM) Stock

Primoris Services Corporation (NYSE:PRIM ) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference Call Participants Pete Lukas - CJS Securities Adam Bubes - Goldman Sachs Drew Chamberlain - JPMorgan Kevin Gainey - Thompson Davis Brent Thielman - D.A. Davidson Judah Aronovitz - UBS Alex Hantman - Sidoti Operator Ladies and gentlemen, good day, and thank you for standing by.

Primoris Services (PRIM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.02 per share a year ago.

Shrill political rhetoric supporting and opposing climate change, renewables, etc.

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Primoris Services (PRIM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company's management team will participate in two institutional investor conferences in September. D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference – Nashville, TN on September 19 2024 RBC Capital Markets Global Industrials Conference – Las Vegas, Nevada on September 25 A copy of the Company's most recent investor presentation will be available.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Primoris Services Corporation had another strong quarter, fueled by growth in the energy segment and investments in renewable energy and AI-driven utility needs. Revenue of $1.563 billion, beating expectations, with a surge in energy segment revenue (increasing by 25%). Backlog remains solid at $10.453 billion, and strategic investments position the company well for future growth in the utility space.