Can PRIM sustain its earnings momentum into 2025?

**Primoris Services (PRIM) is poised to sustain its earnings momentum into 2025**, based on several key indicators:

1. **Strong Financial Performance**: PRIM's recent financial results demonstrate robust growth, with a net income of $53.97 million and a total revenue of $1.74 billion. The company's diluted EPS growth rate, although not provided, is expected to be strong, given the significant net income growth rate of 43.3%.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|PRIM|PRIM.N|Primoris Services|2024 Q1|1.412707E9|1.8943E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q2|1.563715E9|4.9543E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q3|1.649086E9|5.8436E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q4|1.74133E9|5.3966E7|169|

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|PRIM|PRIM.N|Primoris Services|2024 Q1|1649.9999999999995|0.35|169|
|PRIM|PRIM.N|Primoris Services|2024 Q2|26.3888888888889|0.91|169|
|PRIM|PRIM.N|Primoris Services|2024 Q3|20.2247191011236|1.07|169|

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|PRIM|PRIM.N|Primoris Services|2024 Q1|1346.030534351145|12.396491038240235|1649.9999999999995|169|
|PRIM|PRIM.N|Primoris Services|2024 Q2|26.929186308669813|10.636794004713533|26.3888888888889|169|
|PRIM|PRIM.N|Primoris Services|2024 Q3|21.377534064473245|7.819620447653657|20.2247191011236|169|
|PRIM|PRIM.N|Primoris Services|2024 Q4|43.30173398125282|14.89763775371169||169|

2. **Positive Analyst Sentiment**: The consensus rating for PRIM is a "Strong Buy" with an average analyst price target of $86.83, indicating a potential upside from the current price. This suggests that analysts are optimistic about PRIM's future performance.

3. **Earnings Guidance**: PRIM has provided earnings per share (EPS) guidance for FY 2025, ranging from $4.200 to $4.400, compared to the consensus estimate of $4.040. This guidance reflects the company's confidence in maintaining its earnings momentum.
4. **Strategic Growth Initiatives**: Despite facing challenges in the energy segment, PRIM has successfully diversified into the solar power delivery and communications markets. This strategic expansion is likely to contribute to continued growth and improved margins in the coming year.
5. **Healthy Financial Ratios**: PRIM's financial health is supported by a quick ratio of 1.38 and a current ratio of 1.38, indicating liquidity strength. The company's debt-to-equity ratio is 0.61, suggesting a manageable level of debt.
6. **Record Backlog and Cash Flow**: PRIM's total backlog has increased to $11.9 billion, up nearly $1 billion from the prior year. The company reported a record fourth-quarter net cash provided by operating activities of $298.3 million, driven by favorable changes in working capital and higher net income.

In conclusion, PRIM's strong financial performance, positive analyst sentiment, earnings guidance, strategic growth initiatives, healthy financial ratios, and record backlog and cash flow position the company well for sustaining its earnings momentum into 2025.