Primoris Services Corporation Exceeds Earnings Expectations and Analysts Update Forecasts

Primoris Services Corporation reported strong Q2 results, beating revenue and EPS expectations. Analysts have raised their forecasts, with revenue expected to reach $7.07 billion and EPS $4.38 in 2025. The price target has been increased by 21% to $117 per share.

Title: Primoris Services Corporation Reports Strong Q2 Results, Drives Analyst Upside

Primoris Services Corporation (NYSE: PRIM) reported robust financial performance for the second quarter of 2025, surpassing revenue and earnings per share (EPS) expectations. The infrastructure company's revenue for Q2 2025 reached $1.9 billion, marking a 20.9% year-over-year (YoY) increase [1]. Analysts have responded positively to these results, raising their revenue and EPS forecasts for 2025.

KeyBanc, an investment research firm, has increased its price target on Primoris Services Corporation to $117 per share, a 21% increase from its previous target of $98.00 [2]. The revised target reflects the company's strong performance in Q2 2025, where it reported EPS of $1.68, exceeding analysts' expectations by 55.56%.

The company's growth was driven by significant increases in both the Energy and Utilities segments. The Energy segment saw a 27% YoY revenue increase, primarily due to renewable energy projects and battery storage expansion. The Utilities segment grew by 11.6% YoY, with gross margins improving to 14.1% from 10.3% the previous year [1].

Additionally, Primoris is evaluating $1.7 billion worth of data center projects, targeting substantial wins by year-end. These opportunities are driven by the high demand for power generation and transmission services in support of data center infrastructure.

The company's strong performance and positive outlook have been recognized by analysts, who have cited favorable end-market dynamics and Primoris's market positioning as key factors supporting their decision to raise estimates and increase the price target.

References
[1] https://www.ainvest.com/news/primoris-services-q2-2025-key-contradictions-renewable-energy-revenue-margins-growth-expectations-2508/
[2] https://www.investing.com/news/analyst-ratings/keybanc-raises-primoris-services-stock-price-target-to-119-on-strong-q2-93CH-4174219