Primoris Services saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 94 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Primoris Services is not currently near a proper buy point. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
The stock sports a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company reported 109% EPS growth. That marks two straight quarters of rising EPS performance. Revenue growth increased 17%, up from 15% in the prior report. That marks two quarters of rising growth.
Primoris Services holds the No. 3 rank among its peers in the Building-Heavy Construction industry group. Construction Ptrs Cl A is the top-ranked stock within the group.
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