Primo Water Corp reports results for the quarter ended in January - Earnings Summary

Primo Water

08/08/2024 14:51

* Primo Water Corp  PRMW.TO  reported quarterly adjusted
earnings
of 26 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 24 cents.  The mean expectation of six analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 21 cents to 26 cents per share.
    * Revenue fell 18.3% to $485.00 million from a year ago;
analysts
expected $477.99 million. 
    * Primo Water Corp's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $16 million.
    * Primo Water Corp shares had fallen by 0.3% this
quarter and
gained 44.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 5 "strong buy" or "buy," 1
"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 Water Corp
is $30.00 
This summary was machine generated from LSEG data August 8 at
01:51 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
 Jun. 30 2024      0.24           0.26           Beat
 Mar. 31 2024      0.14           0.19           Beat
 Dec. 31 2023      0.17           0.12           Missed
 Sep. 30 2023      0.27           0.33           Beat