PRIM as of Oct 31 · 18:47 ET

PRIMNYSEWater, Sewer, Pipeline, Comm & Power Line Construction

Primoris Services Corp · Brief

Next report

2 days

Nov 2 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±11.3%implied · report alone

64.5880.96

straddle ±14.1%

spot 72.77exp Nov 20ATM strike 72.5ATM straddle 12.05IV 87%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

4 of 8≥ implied

avg implied: ±10.7%
avg realized: ±16.0%

Feb 24 '25±10.5%▲+9.62%×0.91

May 5 '25±7.1%▼−2.94%×0.42

Aug 4 '25±7.5%▲+16.65%×2.21

Q3 FY25±9.4%▼−10.64%×1.14

Feb 23 '26±11.4%▼−8.28%×0.72

Q1 FY26±11.8%▼−50.11%×4.25

Q2 FY26±12.8%▼−21.59%×1.68

Aug 4 '26±14.8%▼−8.20%×0.56

quarterimplied−55%0+55%realized×

Aug '26±14.8%▼−8.20%×0.56

Q2 FY26±12.8%▼−21.59%×1.68

Q1 FY26±11.8%▼−50.11%×4.25

Feb '26±11.4%▼−8.28%×0.72

Q3 FY25±9.4%▼−10.64%×1.14

Aug '25±7.5%▲+16.65%×2.21

2 older reports

May '25±7.1%▼−2.94%×0.42

Feb '25±10.5%▲+9.62%×0.91

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 2 report · est.

Bull2 of 4

22disclosed supplier and customer ties in SEC filingsSEC filings

451managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear1

10 of 20of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

PRIM report session

Customers 2

WMBWilliams×0.10 ETREntergy×0.10

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 19impliedImplied move: ±15.7% into Nov 2 earnings (Oct 19 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.