Primoris Reports Second Quarter Earnings and Revenue Misses

Primoris Services Corporation reported second quarter earnings and revenue that failed to meet analyst expectations. The company posted earnings per share (EPS) of -$0.27, which was $0.01 lower than the estimated -$0.26. Quarter revenue reached $1.69 billion, missing the consensus estimate of $1.75 billion.

For the full fiscal year 2026, the company provided an EPS guidance range between $2.05 and $2.60, while analysts had estimated $2.19.

Following the report, the company's stock closed at $90.85. This follows a broader downward trend in share value, with the stock price dropping 13.31% over the last three months and 16.34% over the last year.