Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Primoris Services Corporation (PRIM)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-04
$68.45-13.98%
Close 2026-11-04 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
5.24 → 5.22 EPS · FY ending Dec 31, 2027 · 10 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 10 to 10; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for PRIM yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain quarterly dividend at $0.08 per share | The company keeps paying a stable $0.08 dividend per share. | Intact | dividend cut or suspension | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
PRIM is an execution-sensitive industrial contractor, with a multi-year view tied to project delivery and Energy awards. Its thesis state is watch: the signal has improved from mixed to mildly favorable, but recent financial performance remains below its industry cohort.
The valuation evidence points to PRIM being cheap versus peers, while the expectations gap is negative, suggesting expectations are cautious. The priced-in assessment says fragility is low and the valuation is considered justified, rather than showing a full mix of expensive valuation, weak execution, and turbulence.
Near term, management is making progress on difficult renewables projects, with two substantially complete by 2026-Q2, but delays and cost overruns lowered renewables revenue guidance for 2026. Energy backlog and new awards grew through 2026-Q2, while earnings results have recently included reported beats; however, earnings surprises have been erratic and trending down.
The multi-year thesis depends on completing the remaining challenging renewables work and continuing to grow Energy backlog through new awards. Near term, a guidance cut would be a meaningful negative; continued strong results and higher guidance from sector bellwethers PWR, FIX, and EME would support the sector backdrop, while weaker results could remove that support.
Over the next 1 to 3 years, PRIM’s case combines Energy backlog growth with improving but incomplete renewables execution. Elevated risk and a sector headwind keep delivery and guidance important to the long-term thesis. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| It won $2 billion in new Energy segment awards in Q2 2026. |
| Intact |
| Energy backlog falls below $4.7B or new awards drop sharply |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Complete six renewables projects with improved execution | Primoris is fixing delays in six renewables projects, aiming for $2.1 billion revenue in 2026. | Under Pressure | any project delays extend beyond Q4 2026 or cost overruns worsen | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 4 supplied quarters. Management reported: ““As the last of our six previously discussed challenged projects moves closer to completion, we are increasingly confident that these impacts are soon to be behind us and that Primoris is well positioned to capitalize on the significant opportunities ahead.”” “ “We are making meaningful progress toward completing the challenged renewables projects we previously disclosed, while continuing to demonstrate strong execution across the rest of our businesses.” Revenue was $1.952 billion in 2026-Q3. Delivery assessment Nov 4, 2026 |
Manage SG&A expenses to mid-to-high 5% of revenue | A supporting condition in Primoris Services Corporation's published investment case. The stated target is SG&A expense between 5% and 6% of revenue. | Under Pressure | SG&A expense exceeds 6% of revenue for multiple quarters | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 4 of 4 supplied quarters. Management reported: “ The Company is targeting SG&A expenses as a percentage of revenue in the low 6.0% range for the full year 2026.” “ The Company is targeting SG&A expense as a percentage of revenue in the mid-to-high 5% range for full year 2026.” Delivery assessment Nov 4, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$5.40 → $5.22 · observed estimates
$8.21B → $8.09B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-07-25 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-07-26 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-07-27 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-07-28 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-07-29 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-07-30 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-07-31 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-01 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-02 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-03 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-04 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-05 | $5.44 | $8,228,445,908 | 9 / 11 |
| 2026-08-06 | $5.40 | $8,214,006,170 | 13 / 14 |
| 2026-08-07 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-08 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-09 | $5.30 | $8,129,867,150 | 13 / 14 |
| 2026-08-10 | $5.30 | $8,129,867,150 | 13 / 14 |
| 2026-08-12 | $5.21 | $8,072,026,840 | 13 / 14 |
| 2026-08-13 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-14 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-15 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-16 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-17 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-18 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-19 | $5.44 | $8,260,123,298 | 9 / 11 |
| 2026-08-20 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-21 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-22 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-23 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-24 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-25 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-26 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-27 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-28 | $5.28 | $8,143,299,552 | 9 / 11 |
| 2026-08-29 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-08-30 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-08-31 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-01 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-02 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-03 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-04 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-05 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-06 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-07 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-08 | $5.20 | $8,091,412,856 | 9 / 11 |
| 2026-09-09 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-10 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-11 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-12 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-13 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-14 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-15 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-16 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-17 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-18 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-19 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-20 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-21 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-22 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-23 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-24 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-25 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-26 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-27 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-28 | $5.21 | $8,101,449,552 | 10 / 12 |
| 2026-09-29 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-09-30 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-10-01 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-10-02 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-10-03 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-10-04 | $5.24 | $8,101,449,552 | 10 / 12 |
| 2026-10-05 | $5.24 | $8,101,462,052 | 10 / 12 |
| 2026-10-06 | $5.24 | $8,101,462,052 | 10 / 12 |
| 2026-10-07 | $5.24 | $8,101,462,052 | 10 / 12 |
| 2026-10-08 | $5.24 | $8,101,462,052 | 10 / 12 |
| 2026-10-09 | $5.25 | $8,101,481,762 | 10 / 12 |
| 2026-10-10 | $5.25 | $8,101,481,762 | 10 / 12 |
| 2026-10-11 | $5.24 | $8,101,481,762 | 10 / 12 |
| 2026-10-12 | $5.24 | $8,101,481,762 | 10 / 12 |
| 2026-10-13 | $5.24 | $8,101,481,762 | 10 / 12 |
| 2026-10-14 | $5.23 | $8,101,481,762 | 10 / 12 |
| 2026-10-15 | $5.23 | $8,101,481,762 | 10 / 12 |
| 2026-10-16 | $5.22 | $8,092,613,012 | 10 / 12 |
| 2026-10-17 | $5.22 | $8,092,613,012 | 10 / 12 |
| 2026-10-18 | $5.22 | $8,092,613,012 | 10 / 12 |
| 2026-10-19 | $5.22 | $8,092,613,012 | 10 / 12 |
| 2026-10-20 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-21 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-22 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-23 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-24 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-25 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-26 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-27 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-28 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-29 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-30 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-10-31 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-11-01 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-11-02 | $5.22 | $8,092,585,156 | 10 / 12 |
| 2026-11-03 | $5.22 | $8,092,585,156 | 10 / 13 |
| 2026-11-04 | $5.22 | $8,092,586,905 | 10 / 13 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 11 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.