Primo Water Corporation (PRMW)

[JefftDecker]

Primo Water Corporation (NASDAQ:PRMW) Earnings Glance and Target Price Review
by Engelwood Staff — July 1, 2016

Investors and analysts will watching Primo Water Corporation (NASDAQ:PRMW) when they next post quarterly results on or around 2016-08-02. Most recently, the firm announced earnings of $0.05 compared to the Zacks consensus estimate of $0.01 for the quarter ending on 2016-06-30. This marked a surprise factor of 400%, a difference of $0.04. A significant surprise can often lead to swings in the stock immediately following an earnings release, or in the following days and weeks. As the earnings date approaches, analysts often update their models based on Street sentiment and company announcements. These can be key indicators to whether the firm will meet or come up short of expectations.

Using a mix of past earnings trends, future earnings predictions and company issued and projected guidance, many analysts will also distribute future price target projections for the stocks they cover. These reports are given to institutions to aid in making investment decisions. These numbers may also available to retail investors through a number of platforms. At the time of writing, the consensus target price (1 year) on shares of Primo Water Corporation (NASDAQ:PRMW) sits at $12.5. This is based on the 4 sell-side analysts tracked by Zacks Research. The analyst with the most favorable outlook sees the shares hitting $13, while the most conservative has a target of $12 for the next year.

In terms of recommendations, 4 analysts rate the stock a Strong Buy, 0 have given it a Buy rating, 0 a Hold and 0 a Sell. All of the recommendations can be translated into an integer based 1 to 5 scale to arrive at an average broker rating. A low number (1-2) indicates a consensus Buy, a middle number (2.5-3.5) indicates a Hold and anything over 4 would indicate a consensus Sell rating. At the time of writing Primo Water Corporation shares have a consensus rating of 1.

http://www.engelwooddaily.com/primo-water-corporation-nasdaqprmw-earnings-glance-and-target-price-review-2/410740/

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