Reading PRIM? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PRIM free→Reading PRIM? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PRIM free→NYSEIndustrialsEngineering & ConstructionSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is fragile, reported profits aren't backed by cash. Management's recent track record has been fairly steady, while risk is elevated and the sector backdrop is a headwind. Compared with sector peers, PRIM trades below typical levels. Peer multiples imply a price about 26% above where it trades (it looks cheap on this basis); the read is fair, but weakening. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 8 valuation methods, at three horizons. Current price $103.29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $101 PRIM trades at 20× p/e, below its 35× p/e peer median. Our $152 fair value sits above the price; medium confidence. Analysts: $107–$212. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 33% below a flat-multiple fair value, below our forecast of about 16%. This describes what's priced in, not a forecast of the move.
Only weak execution quality — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted 1.14x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 56% of the time over the next year (vs 60% for the rest of the cohort, n=3333).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $1.57 → $1.07 (-32.1% / 30d). 0 raised, 6 cut, 12 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 71% of analysts rate Buy.
2 PT revisions / 30d. Avg target 32.6% above current price.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$226.
How much price usually moves either way.
On a bad day, this stock has moved -$469.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,374.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation label changed from 'inexpensive' to 'fair'.
Valuation changed. It rose from "inexpensive" to "fair." Risk fell. The sector backdrop remained a headwind. Earnings quality is fragile. Management is neutral.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Keeping the dividend shows confidence in cash flow and financial health.
Confirms:Dividend remains at $0.08 per share for the upcoming payment.
Disproves:Dividend is cut or suspended.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PRIM yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition On May 5, 2026, Primoris Services Corporation, a Delaware corporation (“Primoris”, the “Company”) issued a press release announcing its financial performance for the quarter ended March 31, 2026. The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$107.00 – $212.00 (median $160.00) · 11 analysts · as of 2026-06-15
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Construction & Engineering.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PRIM Primoris Services Corporation | Below typical Show detailsSector percentile: 19 of 100 | fair | elevated |
PWR Quanta Services | Typical Show detailsSector percentile: 49 of 100 | expensive | moderate |
FIX Comfort Systems USA | Above typical Show detailsSector percentile: 75 of 100 | expensive | elevated |
EME Emcor | Above typical Show detailsSector percentile: 87 of 100 | full | moderate |
MTZ MasTec | Typical Show detailsSector percentile: 48 of 100 | expensive | moderate |
5 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 60% for the rest of the cohort, n=1113).
Not investment advice. As of 2026-06-16.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Continue to provide a consistent dividend payout of $0.08 per share.
Focus on improving cash flow from operating activities to enhance liquidity.
Why it matters: Confirming the dividend shows the company cares about its shareholders. It shows financial strength.
Confirms:The company pays the declared dividend of $0.08 per share on July 15, 2026.
Disproves:The company suspends or cuts the dividend payment.
Why it matters: A bigger drop would show problems in the Energy segment. This would hurt overall performance.
Confirms:Q2 revenue down year over year worse than -5.4%.
Disproves:Q2 revenue stabilizes or grows year over year.
Why it matters: Keeping the dividend at $0.08 per share shows strong cash flow and care for shareholders.
Confirms:The company confirms the dividend of $0.08 per share is paid as scheduled.
Disproves:The company cuts the dividend or delays the payment.
Why it matters: Better cash flow is important for the company. It shows that operations are improving.
Confirms:Cash from operations turns positive in Q2 2026. It will be more than $0.
Disproves:Cash from operations stays negative in Q2 2026.
Why it matters: Strong backlog growth shows good integration and demand for services.
Confirms:Backlog grows by more than $0.3 billion after the acquisition.
Disproves:Backlog falls or stays the same after the acquisition.
Why it matters: Falling below this level could mean more operational problems and cost issues.
Confirms:Adjusted EBITDA for Q2 falls below $60.5 million.
Disproves:Adjusted EBITDA for Q2 is over $60.5 million.
Why it matters: The earnings report will show if cash from operations is increasing. This is key for future growth.
Confirms:Q2 earnings show cash from operating activities grew by more than 10% from last year.
Disproves:Cash from operating activities falls or stays the same compared to last year.
Why it matters: Earnings results will show how well the company is performing. This is crucial for investor sentiment.
Confirms one read:Q2 earnings report shows revenue growth above 5% year over year.
Confirms the other:Q2 earnings report shows revenue decline or flat growth year over year.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 30, 2026, the Board appointed Michael E. Ching as chair of the Strategy and Risk Committee.
Other Events Declaration of Cash Dividend to Stockholders On April 30, 2026, the Company’s Board of Directors declared a cash dividend of $0.08 per share of common stock for stockholders of record as of June 30, 2026, payable on or about July 15, 2026.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 12, 2026, John P. Schauerman informed Primoris Services Corporation (the “Company”) that he would not be standing for re-election and would voluntarily retire from the Company’s Board of Directors (the “Board”) upon the conclusion of the Company’s 2026 Annual Meeting of Stockholders, which is expected to occur on April 30, 2026 (the “Ann…
Results of Operations and Financial Condition On February 23, 2026, Primoris Services Corporation, a Delaware corporation (“Primoris”, the “Company”) issued a press release announcing its financial performance for the quarter and year ended December 31, 2025. The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to…