Primo (PRMW) Beats Q3 Earnings and Revenue Estimates

分组1 - Primo reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing an increase from $0.33 per share a year ago, resulting in an earnings surprise of 16.67% [1] - The company achieved revenues of $511.4 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.25%, although this is a decrease from $622 million in the same quarter last year [2] - Over the last four quarters, Primo has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] 分组2 - Since the beginning of the year, Primo shares have increased by approximately 69.4%, significantly outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $458.08 million, while for the current fiscal year, the estimate is $0.97 on revenues of $1.89 billion [7] - The Utility - Water Supply industry, to which Primo belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]