Equity Profile

PRIM

Primoris Services Corporation

IndustrialsConstruction & Engineering$4.6B

Aug11Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Primoris Services Corporation operates in the construction and engineering sector, providing essential services for infrastructure projects. With a market cap of $5 billion, the company plays a significant role in sectors like energy, transportation, and water, which are critical to economic development and sustainability.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to secure new contracts and expand its market presence, vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PRIM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.05%

Avg Stock Reaction

+0.69%

Last Quarter Recap

In Q1-2026, Primoris reported an EPS of $0.59, falling short of expectations by 26.71%. Despite this miss, the stock rose 9.36% the following day, indicating some investor optimism.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious ahead of the earnings report, especially after the recent EPS miss. The market is looking for signs of recovery in profitability and revenue growth.

Bull Case

If Primoris can exceed EPS expectations and demonstrate strong revenue growth, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to show improvement in key metrics like EPS and revenue, it may face further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial for assessing whether the company is recovering from its recent miss and meeting investor expectations.

What is the current backlog of projects?

A strong backlog will indicate future revenue potential and operational stability, which are vital for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for a rebound in project backlog and profitability, given recent infrastructure spending trends.

Supporting Evidence

Historically, Primoris has beaten EPS estimates 88% of the time, suggesting a strong potential for a positive surprise.

The recent stock price increase despite a miss indicates underlying investor optimism that may not be fully reflected in consensus expectations.

Key Risk

If the backlog shows significant growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a significant EPS miss, and investors are looking for signs of recovery.

Bull Confirmed If

An EPS of $0.81 or better would confirm the bull case and indicate a recovery in profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case and raise concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±5.45%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±5.5% while PRIM has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

215.7%

Calls (49K)P/C Ratio: 0.07Puts (8K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Primoris beats expectations, history suggests the stock could rise by around 1.24% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors digest the news.

Miss

If the company misses expectations again, history suggests a potential decline of about 9.36% on the first day, raising concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or projects that could impact revenue.
2Management's commentary on cost management and operational efficiency.
3Insights into market conditions and demand for construction services.
4Details on the company's strategic initiatives for growth.
5Any changes in guidance for the upcoming quarters.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to secure new contracts and expand its market presence, vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PRIM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.05%

Avg Stock Reaction

+0.69%

Last Quarter Recap

In Q1-2026, Primoris reported an EPS of $0.59, falling short of expectations by 26.71%. Despite this miss, the stock rose 9.36% the following day, indicating some investor optimism.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious ahead of the earnings report, especially after the recent EPS miss. The market is looking for signs of recovery in profitability and revenue growth.

Bull Case

If Primoris can exceed EPS expectations and demonstrate strong revenue growth, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to show improvement in key metrics like EPS and revenue, it may face further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial for assessing whether the company is recovering from its recent miss and meeting investor expectations.

What is the current backlog of projects?

A strong backlog will indicate future revenue potential and operational stability, which are vital for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for a rebound in project backlog and profitability, given recent infrastructure spending trends.

Supporting Evidence

Historically, Primoris has beaten EPS estimates 88% of the time, suggesting a strong potential for a positive surprise.

The recent stock price increase despite a miss indicates underlying investor optimism that may not be fully reflected in consensus expectations.

Key Risk

If the backlog shows significant growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a significant EPS miss, and investors are looking for signs of recovery.

Bull Confirmed If

An EPS of $0.81 or better would confirm the bull case and indicate a recovery in profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case and raise concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±5.45%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±5.5% while PRIM has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

215.7%

Calls (49K)P/C Ratio: 0.07Puts (8K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Primoris beats expectations, history suggests the stock could rise by around 1.24% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors digest the news.

Miss

If the company misses expectations again, history suggests a potential decline of about 9.36% on the first day, raising concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or projects that could impact revenue.
2Management's commentary on cost management and operational efficiency.
3Insights into market conditions and demand for construction services.
4Details on the company's strategic initiatives for growth.
5Any changes in guidance for the upcoming quarters.