Primo Water Corp expected to post earnings of 24 cents a share - Earnings Preview

Primo Water

06/08/2024 15:22

* Primo Water Corp  PRMW.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Tampa Florida-based  company is expected to report a
19.4% decrease in revenue to $477.992 million from $593.3
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$472.00 million and $482.00 million.
    * ​LSEG's mean analyst estimate for Primo Water Corp is for
earnings of 24 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Primo Water
Corp
is $30.00​, above​ its last closing price of $21.53. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD472 million and USD111 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  
 Mar. 31 2024  0.15        0.14       0.19      Beat    32.6
 Dec. 31 2024  0.16        0.17       0.12      Missed  -28.2
 Sep. 30 2023  0.27        0.27       0.33      Beat    22.2​
 Jan. 1 0001   0.20        0.20       0.24      Beat    20
 ​​Jan.        0.08        0.08       0.09      Beat    14.9
 1 0001                                                 
 Dec. 31 2022  0.16        0.17       0.16      Missed  -5.2​
 Sep. 30 2022  0.22        0.22       0.22      Met     -0.6
 Jun. 30 2022  0.17        0.16       0.21      Beat    29.9
 This summary was machine generated August 6 at 14:21 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)