Primoris Services (PRIM) Stock Forecast, Price Target & Predictions
PRIM Stock Forecast
Primoris Services stock forecast is as follows: an average price target of $41.50 (represents a -48.54% downside from PRIM’s last price of $80.65) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
PRIM Price Target
The average price target for Primoris Services (PRIM) is $41.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $28.00. This represents a potential -48.54% downside from PRIM's last price of $80.65.
PRIM Analyst Ratings
According to 3 Wall Street analysts, Primoris Services's rating consensus is 'Buy'. The analyst rating breakdown for PRIM stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Primoris Services Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 04, 2024 | Brent Thielman | D.A. Davidson | $55.00 | $45.53 | 20.80% | -31.80% |
| Nov 16, 2022 | Morgan Stanley | $28.00 | $20.62 | 35.79% | -65.28% |
The latest Primoris Services stock forecast, released on Apr 04, 2024 by Brent Thielman from D.A. Davidson, set a price target of $55.00, which represents a 20.80% increase from the stock price at the time of the forecast ($45.53), and a -31.80% decrease from PRIM last price ($80.65).
Primoris Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $55.00 |
| Last Closing Price | $80.65 | $80.65 | $80.65 |
| Upside/Downside | -100.00% | -100.00% | -31.80% |
In the current month, the average price target of Primoris Services stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Primoris Services's last price of $80.65. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 05, 2024 | UBS | Buy | Buy | Hold |
| Apr 03, 2023 | Goldman Sachs | Neutral | Upgrade | |
| Nov 16, 2022 | Morgan Stanley | Overweight | Overweight | Hold |
Primoris Services's last stock rating was published by UBS on Apr 05, 2024. The company gave PRIM a "Buy" rating, the same as its previous rate.
Primoris Services Financial Forecast
Primoris Services Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.52B | $1.53B | $1.41B | $1.26B | $1.33B | $1.28B | $1.02B | $784.38M | $884.45M | $913.25M | $881.61M | $818.33M | $897.34M | $942.70M | $908.22M | $743.24M | $789.78M | $865.06M |
| Avg Forecast | $1.84B | $1.89B | $1.83B | $1.67B | $1.66B | $1.75B | $1.67B | $1.48B | $1.59B | $1.58B | $1.54B | $1.38B | $1.55B | $1.43B | $1.35B | $1.07B | $1.31B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| High Forecast | $1.89B | $1.94B | $1.88B | $1.71B | $1.70B | $1.80B | $1.72B | $1.52B | $1.62B | $1.58B | $1.54B | $1.38B | $1.65B | $1.43B | $1.39B | $1.10B | $1.35B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| Low Forecast | $1.78B | $1.83B | $1.77B | $1.61B | $1.60B | $1.69B | $1.62B | $1.43B | $1.56B | $1.58B | $1.54B | $1.38B | $1.50B | $1.43B | $1.31B | $1.03B | $1.27B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.07% | 1.04% | 1.18% | 1.01% | 1.08% | 1.08% | 0.98% | 0.99% | 0.92% | 0.93% | 1.09% | 1.07% | 1.03% | 1.14% | 1.11% | 0.95% | 0.97% |
Primoris Services's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.38B, with a low forecast of $1.38B, and a high forecast of $1.38B. PRIM's average Quarter revenue forecast represents a -8.94% decrease compared to the company's last Quarter revenue of $1.52B (Dec 23).
Primoris Services EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $74.84M | $88.41M | $70.80M | $49.79M | $94.32M | $79.31M | $53.14M | $21.19M | $65.23M | $93.07M | $82.51M | $51.68M | $72.03M | $86.19M | $69.75M | $23.51M | $62.12M | $76.87M |
| Avg Forecast | $128.58M | $131.86M | $128.04M | $116.49M | $115.86M | $122.15M | $117.09M | $103.62M | $111.55M | $110.75M | $107.49M | $44.83M | $108.15M | $100.25M | $94.62M | $40.75M | $72.78M | $84.20M | $67.31M | $43.59M | $63.33M | $70.32M | $67.16M | $126.39M | $59.60M | $64.93M | $56.68M | $127.68M | $59.09M | $63.47M |
| High Forecast | $132.32M | $135.71M | $131.77M | $119.88M | $119.24M | $125.71M | $120.51M | $106.64M | $113.67M | $110.77M | $107.49M | $53.79M | $115.43M | $100.25M | $97.37M | $48.90M | $87.33M | $84.20M | $67.31M | $52.30M | $63.33M | $70.32M | $67.16M | $151.67M | $59.60M | $64.93M | $56.68M | $153.22M | $59.09M | $63.47M |
| Low Forecast | $124.53M | $127.72M | $124.01M | $112.83M | $112.22M | $118.31M | $113.41M | $100.36M | $109.43M | $110.73M | $107.49M | $35.86M | $104.93M | $100.25M | $91.64M | $32.60M | $58.22M | $84.20M | $67.31M | $34.87M | $63.33M | $70.32M | $67.16M | $101.11M | $59.60M | $64.93M | $56.68M | $102.15M | $59.09M | $63.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.88% | 0.75% | 1.22% | 1.30% | 0.94% | 0.79% | 0.49% | 1.03% | 1.32% | 1.23% | 0.41% | 1.21% | 1.33% | 1.23% | 0.18% | 1.05% | 1.21% |
3 analysts predict PRIM's average Quarter EBITDA for Mar 24 to be $44.83M, with a high of $53.79M and a low of $35.86M. This is -40.10% lower than Primoris Services's previous annual EBITDA (Dec 23) of $74.84M.
Primoris Services Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $37.66M | $48.14M | $39.03M | $1.31M | $41.50M | $43.04M | $50.15M | $-1.67M | $29.54M | $44.05M | $36.29M | $5.85M | $31.81M | $43.94M | $32.96M | $-3.73M | $26.95M | $35.65M |
| Avg Forecast | $67.44M | $82.51M | $71.46M | $38.28M | $50.77M | $74.68M | $61.25M | $29.42M | $40.89M | $55.89M | $47.21M | $-3.62M | $40.89M | $47.21M | $32.27M | $-3.29M | $33.52M | $46.90M | $33.05M | $-3.52M | $33.45M | $42.40M | $38.94M | $19.56M | $23.39M | $36.29M | $15.96M | $-20.18M | $29.18M | $35.80M |
| High Forecast | $70.00M | $85.63M | $74.16M | $39.73M | $52.69M | $77.51M | $63.57M | $30.53M | $41.45M | $56.40M | $47.22M | $-2.89M | $42.43M | $47.49M | $33.49M | $-2.63M | $40.22M | $46.90M | $33.05M | $-2.81M | $33.45M | $42.40M | $38.94M | $23.47M | $23.39M | $36.29M | $15.96M | $-16.14M | $29.18M | $35.80M |
| Low Forecast | $64.68M | $79.13M | $68.53M | $36.71M | $48.70M | $71.63M | $58.74M | $28.21M | $39.77M | $55.38M | $47.20M | $-4.34M | $39.21M | $46.92M | $30.95M | $-3.94M | $26.81M | $46.90M | $33.05M | $-4.22M | $33.45M | $42.40M | $38.94M | $15.64M | $23.39M | $36.29M | $15.96M | $-24.22M | $29.18M | $35.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.02% | 1.21% | -0.40% | 1.24% | 0.92% | 1.52% | 0.48% | 0.88% | 1.04% | 0.93% | 0.30% | 1.36% | 1.21% | 2.07% | 0.19% | 0.92% | 1.00% |
Primoris Services's average Quarter net income forecast for Mar 24 is $-3.62M, with a range of $-4.34M to $-2.89M. PRIM's average Quarter net income forecast represents a -109.60% decrease compared to the company's last Quarter net income of $37.66M (Dec 23).
Primoris Services SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $80.75M | $84.40M | $85.57M | $78.01M | $90.67M | $75.72M | $59.73M | $55.45M | $57.23M | $61.71M | $57.75M | $53.43M | $49.93M | $57.10M | $51.42M | $44.39M | $48.57M | $49.83M |
| Avg Forecast | $112.60M | $115.47M | $112.12M | $102.01M | $101.46M | $106.96M | $102.54M | $90.74M | $97.68M | $96.98M | $94.13M | $119.77M | $94.71M | $87.79M | $82.85M | $108.89M | $65.20M | $72.73M | $58.13M | $116.46M | $54.70M | $60.74M | $58.00M | $178.62M | $51.48M | $56.08M | $48.95M | $239.70M | $51.03M | $54.82M |
| High Forecast | $115.88M | $118.84M | $115.39M | $104.98M | $104.41M | $110.08M | $105.53M | $93.38M | $99.54M | $97.00M | $94.13M | $143.73M | $101.08M | $87.79M | $85.27M | $130.66M | $78.23M | $72.73M | $58.13M | $139.75M | $54.70M | $60.74M | $58.00M | $214.34M | $51.48M | $56.08M | $48.95M | $287.63M | $51.03M | $54.82M |
| Low Forecast | $109.05M | $111.84M | $108.60M | $98.80M | $98.27M | $103.60M | $99.31M | $87.89M | $95.83M | $96.96M | $94.13M | $95.82M | $91.88M | $87.79M | $80.25M | $87.11M | $52.16M | $72.73M | $58.13M | $93.16M | $54.70M | $60.74M | $58.00M | $142.89M | $51.48M | $56.08M | $48.95M | $191.76M | $51.03M | $54.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.96% | 1.03% | 0.72% | 1.39% | 1.04% | 1.03% | 0.48% | 1.05% | 1.02% | 1.00% | 0.30% | 0.97% | 1.02% | 1.05% | 0.19% | 0.95% | 0.91% |
Primoris Services's average Quarter SG&A projection for Mar 24 is $119.77M, based on 3 Wall Street analysts, with a range of $95.82M to $143.73M. The forecast indicates a 48.33% rise compared to PRIM last annual SG&A of $80.75M (Dec 23).
Primoris Services EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.69 | $0.90 | $0.73 | $0.02 | $0.78 | $0.81 | $0.94 | $-0.03 | $0.55 | $0.82 | $0.68 | $0.12 | $0.66 | $0.91 | $0.68 | $-0.08 | $0.53 | $0.70 |
| Avg Forecast | $1.23 | $1.51 | $1.31 | $0.70 | $0.93 | $1.37 | $1.12 | $0.54 | $0.75 | $1.02 | $0.86 | $0.24 | $0.75 | $0.86 | $0.59 | $-0.06 | $0.82 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| High Forecast | $1.28 | $1.57 | $1.36 | $0.73 | $0.96 | $1.42 | $1.16 | $0.56 | $0.76 | $1.03 | $0.86 | $0.25 | $0.78 | $0.87 | $0.61 | $-0.05 | $0.85 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| Low Forecast | $1.18 | $1.45 | $1.25 | $0.67 | $0.89 | $1.31 | $1.07 | $0.52 | $0.73 | $1.01 | $0.86 | $0.23 | $0.72 | $0.86 | $0.57 | $-0.06 | $0.79 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.04% | 1.24% | -0.36% | 0.95% | 0.94% | 1.55% | -0.36% | 0.90% | 1.06% | 0.95% | -1.58% | 1.54% | 1.37% | 2.33% | 5.49% | 0.99% | 1.07% |
According to 3 Wall Street analysts, Primoris Services's projected average Quarter EPS for Mar 24 is $0.24, with a low estimate of $0.23 and a high estimate of $0.25. This represents a -64.52% decrease compared to PRIM previous annual EPS of $0.69 (Dec 23).
Primoris Services Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FIX | Comfort Systems USA | $454.47 | $575.00 | 26.52% | Buy |
| APG | APi Group | $38.77 | $46.50 | 19.94% | Buy |
| TPC | Tutor Perini | $26.40 | $26.50 | 0.38% | Buy |
| MYRG | MYR Group | $163.42 | $138.33 | -15.35% | Buy |
| ROAD | Construction Partners | $95.90 | $79.67 | -16.92% | Strong Buy |
| GVA | Granite Construction | $91.78 | $70.00 | -23.73% | |
| PRIM | Primoris Services | $80.87 | $41.50 | -48.68% | Buy |