Primo Brands: Q1 Earnings Snapshot
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
13 minutes ago
- Boston Globe
Newspapers are rescued from closure in Wyoming and South Dakota as buyers swoop in
Advertisement The turnarounds happened quickly. Illinois-based News Media Corporation announced on Aug. 6 it was immediately closing 31 outlets in five states because of financial problems. In less than two weeks, a publishing group in Wyoming said it would buy eight papers in the state, while a company in North Carolina said it would purchase four newspapers in South Dakota. Both buyers say all staff will be offered a chance to return. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The fate of other papers in Arizona, Illinois and Nebraska remains unclear. After the closures, journalists and their communities scrambled for options to save the publications. In addition to regional news, many of the papers serve as their towns' official outlet for legal notices. Rural areas often don't have local radio or TV stations, said Benjy Hamm, director at the University of Kentucky's Institute for Rural Journalism and Community Issues. That can leave a lone newspaper as the only media outlet in the area. Advertisement 'If it goes out, it has a significant impact on the community itself, not just the media,' Hamm said. The publishers in Wyoming said they stepped in because they couldn't imagine more newspapers going dark in their state. 'We believe in the importance of a newspaper in a community,' said Jen Hicks, co-publisher the Buffalo Bulletin. 'We know that in communities without newspapers, that civic engagement goes down and specifically, voter participation goes down, which is a really tangible way to see the decline in civic life.' Jen and her husband Robb Hicks said they teamed up with Rob Mortimore, president of Wyoming Papers, Inc., to enter into a purchase agreement with News Media Corporation for its eight publications in the state. Hicks declined to share how much they'll pay for the newspapers. In South Dakota, Benjamin Chase, managing editor of the rescued Huron Plainsman, said nearly a dozen offers came in to purchase one, two or all four of the closed newspapers. Champion Media, the North Carolina-based company, ultimately struck the deal. 'This was really an ideal situation because Champion works a lot with community and local papers,' the editor said, adding that every staff member was invited back. Champion Media did not return requests for comment. Chase credits buyers' interest to the fact that the South Dakota papers have significant readership, with a combined circulation of around 10,000. The Brookings Register covers a town of nearly 25,000 people that lost its radio station last year but is home to the largest university in the state. Advertisement 'This is a group of papers you're going to immediately have audience for, and all of them are profitable and working to keep costs down,' Chase said. The Huron Plainsman and Brookings Register, which were previously dailies, will now have a print edition only two days a week. Hamm, the professor, said it's rare to find such speedy commitment to reviving newspapers. 'It occurs, but it's a small number of places that actually have people step forward,' he said. Chris Kline, president of the Arizona News Media Association, said the Arizona papers are currently exploring options for local and out-of-state ownership.
Yahoo
22 minutes ago
- Yahoo
Why Agco (AGCO) Might be Well Poised for a Surge
Agco (AGCO) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this farm equipment maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Agco, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions For the current quarter, the company is expected to earn $1.20 per share, which is a change of +76.5% from the year-ago reported number. The Zacks Consensus Estimate for Agco has increased 7.94% over the last 30 days, as five estimates have gone higher while one has gone lower. Current-Year Estimate Revisions The company is expected to earn $4.78 per share for the full year, which represents a change of -36.3% from the prior-year number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Agco. Over the past month, seven estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 13.75%. Favorable Zacks Rank Thanks to promising estimate revisions, Agco currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Bottom Line Agco shares have added 6.4% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. 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 AGCO Corporation (AGCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23 minutes ago
- Yahoo
Stryker Stock: Is Wall Street Bullish or Bearish?
With a market cap of $145.9 billion, Stryker Corporation (SYK) is a global leader in medical technology. The company operates through its Orthopaedics and MedSurg & Neurotechnology segments, offering innovative products ranging from joint replacement implants to advanced surgical, neurovascular, and patient care solutions across more than 75 countries. Shares of the Portage, Michigan-based company have underperformed the broader market over the past 52 weeks. SYK stock has increased 13.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.5%. Moreover, shares of the company have risen 7.3% on a YTD basis, compared to SPX's 9.2% return. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Apple Expects $1.1 Billion Tariff Hit in 4th Quarter After $800 Million Q3 Hit; CEO Tim Cook Warns 'Many Factors That Could Change' Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Looking closer, Stryker stock has outpaced the Health Care Select Sector SPDR Fund's (XLV) 11.2% decrease over the past 52 weeks. Despite Stryker beating expectations with Q2 2025 adjusted EPS of $3.13 and revenue of $6.02 billion on Jul. 31, shares fell 3.8% the next day as investors focused on weaker-than-expected Orthopedics sales of $2.3 billion, weighed down by a 97.2% decline in spinal implants. For the fiscal year ending in December 2025, analysts expect SYK's adjusted EPS to grow 10.8% year-over-year to $13.50. The company's earnings surprise history is promising. It topped the consensus estimates in the last four quarters. Among the 29 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 19 'Strong Buy' ratings, two 'Moderate Buys,' and eight 'Holds.' On Aug. 1, UBS raised its price target on Stryker to $438 while maintaining a 'Neutral' rating. As of writing, the stock is trading below the mean price target of $437.77. The Street-high price target of $465 implies a modest potential upside of 20.4% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
