Primo Water Future Growth

Future criteria checks 1/6

Primo Water is forecast to grow earnings and revenue by 14.1% and 4.4% per annum respectively. EPS is expected to grow by 16.5% per annum. Return on equity is forecast to be 10.4% in 3 years.

Key information

14.1%

Earnings growth rate

16.5%

EPS growth rate

Beverage earnings growth	9.1%
Revenue growth rate	4.4%
Future return on equity	10.4%
Analyst coverage	Good
Last updated	05 Apr 2024

Recent future growth updates

Recent updates

Primo Water acquires two French companies specializing in the marketing and packaging of spring water

Sep 14

Primo Water CFO Jay Wells to retire

Aug 30

Primo Water declares $0.07 dividend, $100M buyback program

Aug 10

Primo Water acquires Highland Mountain Water

Jul 18

Primo Water: Shares Have Room To Run

Aug 18

Earnings and Revenue Growth Forecasts

NYSE:PRMW - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,017	132	N/A	N/A	2
12/31/2025	1,972	122	223	357	8
12/31/2024	1,865	109	173	325	8
12/30/2023	1,772	64	203	350	N/A
9/30/2023	2,295	118	161	358	N/A
7/1/2023	2,257	86	81	302	N/A
4/1/2023	2,236	42	60	292	N/A
12/31/2022	1,693	59	113	282	N/A
10/1/2022	2,200	-31	50	270	N/A
7/2/2022	2,166	-14	75	261	N/A
4/2/2022	2,121	0	78	251	N/A
1/1/2022	1,576	5	136	257	N/A
10/2/2021	2,060	-20	105	242	N/A
7/3/2021	2,027	-16	90	211	N/A
4/3/2021	1,958	-140	104	218	N/A
1/2/2021	1,954	-157	53	176	N/A
9/26/2020	1,889	-135	120	238	N/A
6/27/2020	1,843	-150	137	267	N/A
3/28/2020	1,842	-15	87	211	N/A
12/28/2019	1,795	-11	137	247	N/A
9/28/2019	1,955	-9	81	208	N/A
6/29/2019	2,092	-8	69	199	N/A
3/30/2019	2,240	2	86	222	N/A
12/29/2018	1,791	15	19	147	N/A
9/29/2018	2,345	35	11	136	N/A
6/30/2018	2,317	28	29	157	N/A
3/31/2018	2,294	11	101	231	N/A
12/30/2017	2,270	-4	152	279	N/A
9/30/2017	2,220	-68	N/A	305	N/A
7/1/2017	2,115	-73	N/A	308	N/A
4/1/2017	1,462	-68	N/A	285	N/A
12/31/2016	1,623	-60	N/A	270	N/A
10/1/2016	1,801	-10	N/A	248	N/A
7/2/2016	2,080	-1	N/A	243	N/A
4/2/2016	2,933	0	N/A	237	N/A
1/2/2016	1,187	-2	N/A	255	N/A
10/3/2015	2,789	20	N/A	186	N/A
7/4/2015	2,568	16	N/A	154	N/A
4/4/2015	2,338	8	N/A	108	N/A
1/3/2015	2,103	10	N/A	57	N/A
9/27/2014	2,041	-20	N/A	130	N/A
6/28/2014	2,049	-9	N/A	156	N/A
3/29/2014	2,064	13	N/A	161	N/A
12/28/2013	2,094	17	N/A	155	N/A
9/28/2013	2,130	31	N/A	183	N/A
6/29/2013	2,170	33	N/A	154	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRMW's forecast earnings growth (14.1% per year) is above the savings rate (2.3%).

Earnings vs Market: PRMW's earnings (14.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: PRMW's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRMW's revenue (4.4% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: PRMW's revenue (4.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PRMW's Return on Equity is forecast to be low in 3 years time (10.4%).

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Primo Water Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Forecast breakeven date pushed back to 2023

Forecast breakeven date moved forward to 2022

Primo Water Corporation Revises Earnings Guidance for the Year 2022

Primo Water Corporation Provides Revenue Guidance for the Third Quarter and Full Year of 2022

Primo Water Corporation Provides Financial Guidance for the Second Quarter and Full Year of 2022

Primo Water Corporation Provides Revenue Guidance for the First Quarter and Full Year of 2022 and 2024

Recent updates

New minor risk - Dividend sustainability

The New Primo Water Has Momentum Primed For An Eventual Breakout

Upcoming dividend of US$0.09 per share

Fourth quarter dividend of US$0.09 announced

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Primo Water Corporation, Annual General Meeting, May 08, 2024

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Primo Water Corporation to Report Q4, 2023 Results on Feb 22, 2024

Primo Water: Recent Strategic Shift Displays Promising Signs

Primo Water Corporation Announces Board Changes

Upcoming dividend of US$0.08 per share at 2.2% yield

Primo Water Corporation Declares Dividend, Payable on December 1, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Primo Water Corporation to Report Q3, 2023 Results on Nov 02, 2023

Primo Water: Glass Is Still Half Full, Reiterate Buy

Upcoming dividend of US$0.08 per share at 2.1% yield

New minor risk - Earnings quality

Primo Water Corporation (TSX:PRMW) announces an Equity Buyback for $50 million worth of its shares.

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Primo Water Corporation to Report Q2, 2023 Results on Aug 10, 2023

Now 20% undervalued after recent price drop

Primo Water: Moving In The Right Direction, Buy

Primo Water Corporation Announces Resignation of Tom Harrington as Member of the Company's Board of Directors

Upcoming dividend of US$0.08 per share at 2.3% yield

Primo Water Corporation Declares a Dividend, Payable on June 14, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.08 per share at 2.1% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Primo Water Q4 2022 Earnings Preview

Primo Water Corporation, Annual General Meeting, May 03, 2023

Primo Water Corporation acquired Additional Mountain Valley Spring Site.

Primo Water Corporation to Report Q4, 2022 Results on Feb 23, 2023

Primo Water Corporation Announces Appointment of David Hass as Chief Financial Officer

Primo Water has a new CEO

Primo Water sees FY23 revenue $2.3B-$2.35B and issues soft guidance for FY24

Forecast breakeven date pushed back to 2023

Upcoming dividend of US$0.07 per share

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Forecast breakeven date moved forward to 2022

Primo Water Corporation Revises Earnings Guidance for the Year 2022

Primo Water Corporation Declares Quarterly Dividend, Payable on December 9, 2022

Primo Water declares $0.07 dividend

Primo Water acquires Crystal Spring Water

Primo Water Corporation to Report Q3, 2022 Results on Nov 10, 2022

Primo Water Corporation (TSX:PRMW) acquired Eureau Source / DEFEAUS SARL.

Primo Water acquires two French companies specializing in the marketing and packaging of spring water

Primo Water Corporation Announces Retirement of Jay Wells as CFO, Effective April 1, 2023

Primo Water CFO Jay Wells to retire

Primo Water Corporation Provides Revenue Guidance for the Third Quarter and Full Year of 2022

Primo Water Corporation (TSX:PRMW) announces an Equity Buyback for CAD 100 million worth of its shares.

Primo Water declares $0.07 dividend, $100M buyback program

Primo Water Corporation Exits Russia

Primo Water acquires Highland Mountain Water

Primo Water Corporation to Report Q2, 2022 Results on Aug 11, 2022

Upcoming dividend of US$0.07 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Primo Water Corporation Provides Financial Guidance for the Second Quarter and Full Year of 2022

Primo Water Corporation Declares Quarterly Dividend, Payable on June 22, 2022

Primo Water Corporation to Report Q1, 2022 Results on May 12, 2022

Independent Director recently bought US$296k worth of stock

Upcoming dividend of US$0.07 per share

Primo Water Corporation Provides Revenue Guidance for the First Quarter and Full Year of 2022 and 2024

Full year 2021 earnings: EPS and revenues miss analyst expectations

Primo Water Corporation Provides Revenue Guidance for the First Quarter 2022

Primo Water Corporation Increases Quarterly Dividend, Payable on March 28, 2022

Primo Water North America Announces Launch of Primo Plus™ Alkaline Water

Primo Water Corporation (TSX:PRMW) acquired Sip-Well N.V.

High number of new directors