Primo Water Corporation (NASDAQ:PRMW) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.08%.
Primo Water Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.04 in the quarter versus EPS of $-0.05 in the year-earlier quarter.
Revenue: Rose 12.74% to $22.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Primo Water Corporation reported adjusted EPS loss of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $20.4 million.
Quoting Management: “We exceeded our expectations for sales and operating results in the first quarter of 2013 and reported our fifth consecutive quarter of positive adjusted EBITDA as we focused on execution and cost improvements across our core businesses,” commented Billy D. Prim, Primo Water’s President and Chief Executive Officer. “We are optimistic about our growth opportunities in 2013 as we further expand our distribution network while optimizing our corporate expense structure to realize additional operating efficiencies, improve cash flow and adjusted EBITDA.”
Key Stats (on next page)…
Revenue increased 7.37% from $20.77 million in the previous quarter. EPS increased to $-0.04 in the quarter versus EPS of $-0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a loss $0.04. For the current year, the average estimate has moved down from a profit of $0.01 to a loss of $0.22 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)