Primo Brands (PRMB) Surpasses Q3 Earnings Estimates

Core Insights - Primo Brands (PRMB) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing an increase from $0.35 per share a year ago, resulting in an earnings surprise of +7.89% [1] - The company generated revenues of $1.77 billion for the quarter ended September 2025, which fell short of the Zacks Consensus Estimate by 0.51%, and represents a significant increase from $511.4 million in the same quarter last year [2] - The stock has underperformed, losing approximately 26.4% since the beginning of the year, compared to a 15.6% gain in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $1.62 billion, while the estimate for the current fiscal year is $1.36 on revenues of $6.74 billion [7] - The trend of estimate revisions for Primo Brands was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Beverages - Soft drinks industry, to which Primo Brands belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8]