Zacks Equity Research has raised its current-year earnings estimate for Perimeter Solutions, a top-ranked Basic Materials stock, based on improved expectations. The upgrade draws fresh attention to the company’s operating outlook, particularly its fire retardants and specialty chemicals business under multi-year government and industrial contracts. A recently announced five-year USDA agreement, focused on domestic manufacturing and full-service federal operations, is seen as central to more consistent Fire Safety revenue and earnings. However, the biggest risk remains potential disruption or repricing of core agreements with agencies like the U.S. Wildland Fire Service or CAL FIRE, which the news does not materially change. Perimeter Solutions’ narrative projects $1.2 billion revenue and $1.0 billion earnings by 2029, requiring 18.7% yearly revenue growth and a $1.2 billion earnings increase from negative $190.1 million today.
Perimeter Solutions SAZacks upgraded earnings estimate citing improved outlook from multi-year government contracts, including a five-year USDA agreement.
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