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Primoris Services (PRIM) Reports Q2 Earnings: What Key Metrics Have to Say

Primoris Services (PRIM) reported $1.69 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 10.7%. EPS of -$0.27 for the same period compares to $1.68 a year ago.

The reported revenue represents a surprise of -0.51% over the Zacks Consensus Estimate of $1.7 billion. With the consensus EPS estimate being -$0.35, the EPS surprise was +22.86%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Primoris Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total Backlog: $13.86 billion versus the three-analyst average estimate of $12.72 billion.
Total Backlog - Energy: $6.19 billion compared to the $5.81 billion average estimate based on two analysts.
Total Backlog - Utilities: $7.67 billion compared to the $6.95 billion average estimate based on two analysts.
Revenue- Energy: $999.9 million versus the two-analyst average estimate of $932.21 million. The reported number represents a year-over-year change of -19.2%.
Revenue- Utilities: $712.6 million versus the two-analyst average estimate of $730.77 million. The reported number represents a year-over-year change of +2.8%.
Gross Profit- Energy: $-2.7 million versus the two-analyst average estimate of $-13.46 million.
Gross Profit- Utilities: $85.1 million versus the two-analyst average estimate of $85.14 million.

View all Key Company Metrics for Primoris Services here>>>

Shares of Primoris Services have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Primoris Services Corporation (PRIM): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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