Primo Brands Corp reports results for the quarter ended December 31 - Earnings Summary

Primo Brands

20/02/2025 14:32

* Primo Brands Corp  PRMB.N  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 12 cents to 24
cents per share.
    * Revenue rose 218.5% to $1.40 billion from a year ago;
analysts
expected $1.58 billion. 
    * Primo Brands Corp's reported EPS for the quarter was a
loss
of 49 cents​.
    * The company reported a quarterly loss of $157.7 million.
    * Primo Brands Corp shares had risen by 6.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-alcoholic
beverages peer group is also "buy"

Wall Street's median 12-month price target for Primo Brands Corp
is $38.00 
This summary was machine generated from LSEG data February 20 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.18           0.13           Missed
 Sep. 30 2024      0.30           0.35           Beat
 Jun. 30 2024      0.24           0.26           Beat
 Mar. 31 2024      0.14           0.19           Beat