Primoris Services (Nasdaq: PRIM) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Primoris Services whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.

Margins grew across the board.

Revenue details
Primoris Services logged revenue of $291.6 million. The five analysts polled by S&P Capital IQ foresaw sales of $341.5 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $359.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.20. The six earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS of $0.20 for Q1 were 17% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.9%, 160 basis points better than the prior-year quarter. Operating margin was 5.9%, 10 basis points better than the prior-year quarter. Net margin was 3.6%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $369.2 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $1.47 billion. The average EPS estimate is $1.23.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 112 members out of 117 rating the stock outperform, and five members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Primoris Services a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Primoris Services is outperform, with an average price target of $20.75.

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