Primoris Services Dips 0.29% Despite Strong Earnings Growth

On August 18, 2025, Primoris Services experienced a slight decline of 0.29% in pre-market trading, reflecting a minor adjustment in investor sentiment.

Primoris Services has been recognized for its strong earnings growth, sales expansion, and technical strength, positioning it as a top high-growth momentum stock. Analysts have given the stock an average rating of "Strong Buy," with a 12-month price target of $99.30, indicating a potential decrease of 11.28% from its current price.

The company's projections for 2028 include $8.6 billion in revenue and $341.4 million in earnings, suggesting a 7.4% annual revenue growth. This optimistic outlook has contributed to the stock's bullish trend, as it has risen higher in 10 out of the past 18 years over the subsequent 52-week period, with a historical accuracy of 55.56%.

Primoris Services' stock has shown resilience, with a 14-day RSI of 75.72, indicating that it is currently overbought. However, the stock's strong fundamentals and positive analyst ratings continue to support its upward trajectory. The company's current ratio of 1.38 and quick ratio of 1.38 further demonstrate its financial stability and ability to meet short-term obligations.