
Primoris Services (PRIM) Stock Forecast & Price Target
Primoris Services (PRIM) Analyst Ratings
Bulls say
Primoris Services Corp demonstrated significant financial growth, reporting a revenue increase of 20.9% to $1.891 billion, with the Energy segment experiencing a noteworthy surge of 27.0% to $1.237 billion. The company also achieved an expansion in consolidated gross margin to 12.3%, driven largely by improvements in the Utilities segment's gross margin, which rose to 14.1%. Additionally, the burgeoning renewables sector, projected to generate approximately $2.5 billion in revenue by 2025, underscores a positive long-term growth trajectory supported by robust demand and favorable policy conditions.
Bears say
The outlook for Primoris Services Corp appears negative due to projected declines in Utility segment margins sequentially, decreasing from 14% in Q2 to approximately 11%. Furthermore, anticipated slowdowns in utility-scale solar award processes, compounded by regulatory complexities and labor disruptions, introduce significant uncertainties regarding revenue predictability and project timelines. Lastly, the decline in sales within the business unit for 2025, expected to reach about $200 million, underscores the challenges faced in maintaining consistent revenue growth amidst these operational headwinds.
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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