Primo Brands Corp reports results for the quarter ended December 31 - Earnings Summary

• Primo Brands Corp PRMB.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of twelve analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 7 cents to 30 cents per share.

• Revenue rose 11.2% to $1.55 billion from a year ago; analysts expected $1.51 billion.

• Primo Brands Corp's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $13 million.

• Primo Brands Corp shares had risen by 38.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

• Wall Street's median 12-month price target for Primo Brands Corp is $22.50, about 0.7% above its last closing price of $22.65

This summary was machine generated from LSEG data February 27 at 06:18 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)