Primo Water Corporation’s Upcoming Q3 Results Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PRMW'>Primo Water Corporation (NYSE:PRMW)</a> ahead of the upcoming Q3 results, expecting net sales of $580 million (vs. Street’s $582 million) and EBITDA of $115.2 million (vs. Street’s $117.3 million). </p>
<p>The analysts believe underlying topline momentum remains solid, but higher FX headwinds (particularly on the euro) are likely to put pressure on EBITDA results. Thus, while the analysts expect topline in the middle to the higher end of the company’s guidance ranges, they model EBITDA towards the lower end of the ranges.</p>
<p>Given higher FX headwinds, offsetting solid underlying trends, the analysts expect the company to reiterate its 2022 guidance, which includes: (1) revenues of $2.204-2.243 billion, and (2) adjusted EBITDA of $415-$425 million.</p>

NYSE:PRMW