Primo Water Corporation (NASDAQ:PRMW) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.15 per share.
For the full year, analysts predict revenues of $ 1922.15 million, while looking forward to income of $ 0.16 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 480.00 million ~ $ 500.00 million
Click Here For More Historical Outlooks Of Primo Water Corporation
Previous Quarter Performance
Primo Water Corporation recorded income for the second quarter of $ 0.08 per share, from the revenue of $ 456.80 million. The quarterly revenues increased 476.33 percent compared with the same quarter last year. The consensus estimates are $ 76.56 million in revenue The top line results outshined analysts by $ 380.24 million or 496.66 percent.
Stock Performance
Shares of Primo Water Corporation traded up $ 0.53 or 4.11 percent on Wednesday, reaching $ 13.43 with volume of 943.40 thousand shares. Primo Water Corporation has traded high as $ 13.47 and has cracked $ 12.82 on the downward trend
The closing price of $ 13.43, representing a 103.79 % increase from the 52 week low of $ 6.33 and a 16.72 % decrease over the 52 week high of $ 15.49.
The company has a market capital of $ 2.13 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Recent Analyst recommendations
- On 22nd September 2020, initiated by Raymond James at Outperform rating.
Conference Call
Primo Water Corporation will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website primowater.com
Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.
