Latest news with #PRMB
Business Insider
5 days ago
- Business
- Business Insider
Primo Brands (PRMB) Gets a Buy from RBC Capital
In a report released on June 16, Nik Modi from RBC Capital maintained a Buy rating on Primo Brands (PRMB – Research Report), with a price target of $40.00. The company's shares closed yesterday at $30.06. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Modi is a 2-star analyst with an average return of 0.4% and a 50.50% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Primo Brands, Procter & Gamble, and Clorox. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Primo Brands with a $42.57 average price target, representing a 41.62% upside. In a report released on June 13, Bank of America Securities also maintained a Buy rating on the stock with a $42.00 price target. The company has a one-year high of $35.85 and a one-year low of $20.16. Currently, Primo Brands has an average volume of 5.59M. Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMB in relation to earlier this year. Last month, Tony W Lee, a Director at PRMB sold 50,657,562.00 shares for a total of $1,604,324,988.54.
Washington Post
08-05-2025
- Business
- Washington Post
Primo Brands: Q1 Earnings Snapshot
TAMPA, Fla. — TAMPA, Fla. — Primo Brands Corporation (PRMB) on Thursday reported first-quarter earnings of $28.7 million. The Tampa, Florida-based company said it had profit of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 29 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
Yahoo
05-05-2025
- Business
- Yahoo
Primo Brands (PRMB) Earnings Expected to Grow: Should You Buy?
The market expects Primo Brands (PRMB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 8, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This maker of pure-play water solutions is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +31.6%. Revenues are expected to be $1.63 billion, up 259.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.38% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Primo Brands, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.12%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Primo Brands will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Primo Brands would post earnings of $0.19 per share when it actually produced earnings of $0.13, delivering a surprise of -31.58%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Primo Brands appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Primo Brands Corporation (PRMB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-03-2025
- Business
- Yahoo
Why Primo Brands Corporation (PRMB) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where Primo Brands Corporation (NYSE:PRMB) stands against other firms that end Friday strong. Wall Street's main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally. The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent. Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs. In this article, we listed Friday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A colorful display of sparkling waters, juices, energy drinks and carbonated soft drinks on a convenience store shelf, emphasizing the company's impressive beverage portfolio. Primo Brands extended its winning streak for a fourth straight day on Friday, adding 2.47 percent to its valuation to close at $35.30 apiece as investors gobbled up shares in the company following an influencer's TikTok video that showed a specific bottled water produced by PRMB. In his video, user Ashton Hall elaborated on his morning routine, saying he wakes up before 4 AM doing a flurry of activities before many start their work days. The video showed the Saratoga Spring Water, piquing investor interest in its parent firm, PRMB. Hall's original video earned 100 million views, sparking memes and jokes across different social media platforms. PRMB is the company that emerged following the merger of Primo Water and BlueTriton Brands. It also owns other brands namely Ice Mountain, Pure Life, and Poland Spring. Overall, PRMB ranks 6th on our list of firms that end Friday strong. While we acknowledge the potential of PRMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PRMB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-03-2025
- Business
- Yahoo
Why Primo Brands Corporation (PRMB) Went Up Last Week?
We recently published a list of . In this article, we are going to take a look at where Primo Brands Corporation (NYSE:PRMB) stands against other stocks that outperformed broader market last week. Wall Street's main indices traded lower week-on-week as investor sentiment continued to be dragged by the ongoing trade tensions globally. The tech-heavy Nasdaq was down by 2.59 percent versus its level on March 21. Meanwhile, the S&P 500 declined by 1.5 percent and the Dow Jones dropped by 0.956 percent. Ten individual stocks, on the other hand, managed to stay stronger, three of which were particularly notable as funds flocking to gold assets spilled over into their stocks. In this article, we listed last week's 10 top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million trading volume. Top 20 Brands Among Gen Z in the US by Mindshare Shares of Primo Brands grew by 9.32 percent last week to finish at $35.3 apiece versus the $32.29 closing price on March 21, or the Friday prior, as investor optimism was largely fueled by an influencer's content showing a specific bottled water produced by the company. In his TikTok video, which has already gathered 104.4 million views as of this writing, influencer Ashton Hall elaborated on his morning routine, doing a flurry of activities as early as 4 AM. The video briefly showed Saratoga Water, piquing investor interest in its parent firm and producer, PRMB. PRMB is the company that emerged following the merger of Primo Water and BlueTriton Brands. Apart from Saratoga Water, it also owns other brands, namely Ice Mountain, Pure Life, and Poland Spring. Overall, PRMB ranks 8th on our list of stocks that outperformed broader market last week. While we acknowledge the potential of PRMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PRMB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
