
Primoris Services (PRIM) Stock Forecast & Price Target
Primoris Services (PRIM) Analyst Ratings
Bulls say
Primoris Services Corp has demonstrated a robust financial performance with fourth-quarter results surpassing estimates across revenue, margins, earnings, and cash flow. The company's backlog has shown strong year-over-year and quarter-over-quarter growth, achieving a book-to-bill ratio of 1.3x, indicating a solid demand for its services. Moreover, the rapid expansion of its renewables portfolio, projected to generate up to $1.9 billion in revenue by 2024 and maintain a mid-teens growth rate through 2027, positions Primoris favorably in the market and reflects positively on its future cash flow potential.
Bears say
The financial outlook for Primoris Services Corp is concerning due to potential risks associated with general economic conditions and the availability of capital, which may negatively affect the timing of capital projects and overall demand for their services. Furthermore, the possibility of acquisitions impacting earnings and cash balances adds an additional layer of uncertainty, potentially distorting the company's financial stability. Additionally, the project's inherently project-oriented business model exposes Primoris to execution risks and labor-related challenges, including shortages and increased costs, which could hinder operational effectiveness and profitability.
This aggregate rating is based on analysts' research of Primoris Services and is not a guaranteed prediction by Public.com or investment advice.
Primoris Services (PRIM) Analyst Forecast & Price Prediction
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