Primo Water Q3 Adj. EPS $0.33 Beats $0.27 Estimate, Sales $622.00M Miss $625.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Primo Water reported Q3 adjusted earnings of $0.33 per share, beating the analyst consensus estimate of $0.27 by 22.22%. However, the company's quarterly sales of $622.00 million missed the analyst consensus estimate of $625.80 million by 0.61%. This represents a 50% increase in earnings and a 6.40% increase in sales compared to the same period last year.
November 02, 2023 | 10:21 am
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NEUTRAL IMPACT
Primo Water's Q3 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertain short-term price movements.
Primo Water's earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the sales miss could counteract this effect, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100