Primo Water Q4 Adj EPS $0.12 Misses $0.17 Estimate, Sales $438.70M Miss $577.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Primo Water (NYSE:PRMW) reported Q4 adjusted EPS of $0.12, missing the $0.17 estimate, and sales of $438.70M, missing the $577.03M estimate. This represents a decrease in earnings and sales from the same period last year.
February 22, 2024 | 11:34 am
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NEGATIVE IMPACT
Primo Water's Q4 earnings and sales significantly missed analyst estimates, indicating a decrease in performance compared to the same period last year.
Missing both earnings and sales estimates by significant margins, especially in a year-over-year comparison, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100