Primo Water Corp expected to post earnings of 14 cents a share - Earnings Preview

Primo Water

07/05/2024 13:33

* Primo Water Corp  PRMW.TO   is expected to show a fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Tampa Florida-based  company is expected to report a
19.6% decrease in revenue to $439.417 million from $546.5
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
$435.00 million and $445.00 million.
    * ​LSEG's mean analyst estimate for Primo Water Corp is for
earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Primo Water
Corp
is $21.00​, above​ its last closing price of $19.90. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD435 million and USD91 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.16        0.17       0.12      Missed  -28.2
 Sep. 30 2023  0.27        0.27       0.33      Beat    22.2
 Jun. 30 2023  0.20        0.20       0.24      Beat    20​
 Mar. 31 2023  0.08        0.08       0.09      Beat    14.9
 ​​Dec.        0.16        0.17       0.16      Missed  -5.2
 31 2022                                                
 Sep. 30 2022  0.22        0.22       0.22      Met     -0.6​
 Jan. 1 0001   0.17        0.16       0.21      Beat    29.9
 Mar. 31 2022  0.07        0.07       0.09      Beat    37.7
 This summary was machine generated May 7 at 12:33 GMT.  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)