Primoris Services Corporation (PRIM) saw a big move in the last trading session, as the company’s shares fell by over 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for PRIM, as the stock is now down nearly 22% since Feb 10.
On Mar 3, the company reported dismal fourth-quarter and full year 2014 results. Adjusted earnings of 17 cents for the fourth quarter lagged the Zacks Consensus Estimate by 66% as revenues decreased year over year, accompanied by contraction in margins.
The specialty contractor and infrastructure company has not seen any estimate revision over the past month, although the current year earnings consensus has moved higher over the past few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
PRIM currently holds a Zacks Rank #4 (Sell).
A better-ranked stock in the Building – Heavy Construction industry is Dycom Industries Inc. (DY), carrying a Zacks Rank #1 (Strong Buy).
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PRIMORIS SERVCS (PRIM): Free Stock Analysis Report
DYCOM INDS (DY): Free Stock Analysis Report
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