Primo Water Corp Expects Q1 Revenue of $435M-$445M Vs $512.67M Est, FY24 Revenue of $1.84B-$1.88B Vs $2.07B Est
Portfolio Pulse from Benzinga Newsdesk
Primo Water Corp (PRMW) projects Q1 revenue to be between $435M-$445M, below the estimated $512.67M, and forecasts FY24 revenue of $1.84B-$1.88B, under the $2.07B expectation. The company also provided guidance on adjusted EBITDA, cash taxes, cash interest, capital expenditures, and adjusted free cash flow for FY 2024.
February 22, 2024 | 11:38 am
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Primo Water Corp expects lower Q1 and FY24 revenues than analysts estimated, with detailed financial projections for 2024.
Primo Water Corp's projection of lower-than-expected revenues for both Q1 and FY24 compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The detailed financial guidance provides transparency but may not fully mitigate the initial negative reaction to the revenue shortfall.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100