Primo Water Corp Expects Q4 Revenue $558M-$598M Vs $579.84M Est, Reaffirms FY23 Revenue $2.320B-$2.360B Vs $2.34B Est
Portfolio Pulse from Benzinga Newsdesk
Primo Water Corp has provided its Q4 revenue guidance in the range of $558M-$598M, compared to the estimated $579.84M. The company also reaffirmed its FY23 revenue guidance of $2.320B-$2.360B, against the estimated $2.34B.
November 02, 2023 | 10:23 am
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Primo Water Corp's Q4 and FY23 revenue guidance is in line with estimates, indicating stable financial performance.
Primo Water Corp's revenue guidance for Q4 and FY23 is in line with the market estimates. This suggests that the company's financial performance is stable and is expected to meet market expectations, which is generally a positive signal to investors. However, as the guidance is not exceeding the estimates, it may not significantly drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100