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Highlights

  • Primoris reported quarterly EPS of 1.08 USD, exceeding market expectations.
  • Revenue increased 6.7% year over year during the quarter.
  • Shares declined 2.20% despite updated FY2026 earnings guidance.

Primoris Services Corporation (NASDAQ:PRIM) reported quarterly earnings per share (EPS) of 1.08 USD, compared with 0.95 USD in market expectations. In the same quarter last year, the company posted EPS of 1.13 USD.

Quarterly revenue rose 6.7% on a year-over-year basis. The company recorded a return on equity of 15.23% and a net margin of 2.68% for the period.

Primoris also revised its FY2026 guidance and now expects full-year EPS in the range of 5.800–6.000 USD.

Share Price Performance and Valuation
Primoris shares closed at 165.64 USD on February 23, down 3.72 USD or 2.20% for the day. Over the past five days, the stock declined 0.22%. However, it gained 11.87% over the past month and 44.20% over the past six months.

Year to date, the stock is up 26.82%. Over the past year, shares have advanced 157.52%, while the five-year return stands at 394.89%.

Broker Consensus Indicates Cautious Optimism Despite Downside to Target
According to EODHD/Others data as of 24 Feb 2026, Analysts maintain a positive outlook on Primoris Services Corp, with the current consensus recommendation at 2.2 (BUY). The average target price stands at USD 155.27, implying a potential downside of approximately 6.26% from current levels.

Despite the near-term gap to target, the company’s solid positioning in construction and engineering services supports a constructive long-term view. A healthy long-term growth (LTG) estimate of 18.60% reflects expectations of steady earnings expansion. Overall, broker sentiment suggests confidence in fundamentals, though valuation appears relatively balanced in the short term.

Business Profile
Primoris Services Corporation is a diversified infrastructure construction company operating across North America. It provides specialty contracting services including pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services.

The company operates through two primary segments: Pipeline & Facility and Civil & Utility. Its services cover pipeline installation, compressor and pump station construction, above-ground facility projects, and infrastructure work across energy, utility, transportation, water, wastewater, and industrial markets.

Primoris Services reported quarterly earnings above expectations and raised its FY2026 EPS outlook. Despite this, the stock moved lower and remains near its 52-week high. Market participants are assessing valuation levels, recent price momentum, and forward guidance as the company continues operations across multiple infrastructure segments.

FAQs

Q1. What were Primoris Services’ latest quarterly EPS results?
The company reported quarterly EPS of 1.08 USD.

Q2. What is Primoris Services’ FY2026 EPS guidance?
Primoris expects FY2026 EPS in the range of 5.800–6.000 USD.

Q3. How has PRIM stock performed over the past year?
Primoris shares have gained 157.52% over the past 12 months.