Equity Profile

PRIM

Primoris Services Corporation

IndustrialsConstruction & Engineering$4.4B

Aug11Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Primoris Services Corporation operates in the construction and engineering sector, providing a range of services including infrastructure and utility construction. With a market cap of $4 billion, the company plays a significant role in the industrial landscape, particularly as demand for infrastructure development continues to grow.

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 expand its business and capture market share, essential for long-term success.

N/A

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 the expected $0.81, resulting in a 26.71% surprise. Despite the miss, the stock rose 9.36% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations are mixed as the company has a strong history of beating EPS estimates, but recent performance raises concerns about future growth.

Bull Case

If Primoris can return to its previous trend of strong earnings surprises, it may see significant stock price appreciation, especially if infrastructure spending continues to rise.

Bear Case

On the other hand, if the company fails to meet expectations again, it could lead to a sharp decline in stock price, especially given the recent earnings miss.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Primoris achieve an EPS of at least $0.81 this quarter?

Given the company's recent earnings miss, hitting this EPS target is crucial for restoring investor confidence.

What are the revenue growth expectations for the upcoming quarters?

Understanding revenue growth will provide insight into the company's ability to capitalize on infrastructure spending.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS as infrastructure spending increases, which could lead to better-than-expected results.

Supporting Evidence

Primoris has a strong history of beating EPS estimates, with an 88% success rate over the last eight quarters.

The recent stock price increase following an earnings miss suggests that investors may be overly cautious.

Key Risk

If the EPS comes in below $0.59, it could validate the bearish sentiment and lead to a significant sell-off.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Primoris can regain its momentum after a disappointing earnings report.

Bull Confirmed If

An EPS of $0.81 or better would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.59 would indicate ongoing challenges in meeting market expectations.

Pre-Earnings Positioning

Options Market

Implied Move

±5.45%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a notable move of about 5.45%, indicating that traders expect volatility around the earnings report.

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 a potential stock increase of around 1.3% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations again, history indicates a potential drop of around 9.36%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new infrastructure contracts or projects.
2Management's outlook on revenue growth for the next quarter.
3Details on cost management strategies and their impact on margins.
4Insights into market demand for construction services.
5Any commentary on competitive pressures in the industry.

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 expand its business and capture market share, essential for long-term success.

N/A

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 the expected $0.81, resulting in a 26.71% surprise. Despite the miss, the stock rose 9.36% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations are mixed as the company has a strong history of beating EPS estimates, but recent performance raises concerns about future growth.

Bull Case

If Primoris can return to its previous trend of strong earnings surprises, it may see significant stock price appreciation, especially if infrastructure spending continues to rise.

Bear Case

On the other hand, if the company fails to meet expectations again, it could lead to a sharp decline in stock price, especially given the recent earnings miss.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Primoris achieve an EPS of at least $0.81 this quarter?

Given the company's recent earnings miss, hitting this EPS target is crucial for restoring investor confidence.

What are the revenue growth expectations for the upcoming quarters?

Understanding revenue growth will provide insight into the company's ability to capitalize on infrastructure spending.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS as infrastructure spending increases, which could lead to better-than-expected results.

Supporting Evidence

Primoris has a strong history of beating EPS estimates, with an 88% success rate over the last eight quarters.

The recent stock price increase following an earnings miss suggests that investors may be overly cautious.

Key Risk

If the EPS comes in below $0.59, it could validate the bearish sentiment and lead to a significant sell-off.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Primoris can regain its momentum after a disappointing earnings report.

Bull Confirmed If

An EPS of $0.81 or better would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.59 would indicate ongoing challenges in meeting market expectations.

Pre-Earnings Positioning

Options Market

Implied Move

±5.45%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a notable move of about 5.45%, indicating that traders expect volatility around the earnings report.

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 a potential stock increase of around 1.3% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations again, history indicates a potential drop of around 9.36%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new infrastructure contracts or projects.
2Management's outlook on revenue growth for the next quarter.
3Details on cost management strategies and their impact on margins.
4Insights into market demand for construction services.
5Any commentary on competitive pressures in the industry.