How did PRMB's Q4 earnings surprise impact investor sentiment?

**PRMB's Q4 earnings surprise had a positive impact on investor sentiment**, as evidenced by several key factors: 1. **Earnings Beat Expectations**: Primo (PRMW) reported quarterly earnings of $0.35 per share, surpassing the Zacks Consensus Estimate of $0.30 per share. This indicates a strong financial performance, which likely contributed to increased investor confidence. 2. **Revenue Growth**: Although specific revenue figures for Q4 were not available, the company's overall fiscal 2024 fourth quarter revenue was reported at $426.8 million. The fact that J & J Snack Foods is reporting higher revenue is a positive indicator, suggesting that the company is performing well and potentially opening up new market opportunities. 3. **Merger Success**: The successful completion of the merger between Primo Water and BlueTriton Brands is likely to have bolstered investor sentiment. Mergers can often lead to increased efficiency, cost savings, and expanded market reach, which are typically viewed favorably by investors. 4. **Future Prospects**: The company's emphasis on sustainability and commitment to environmental initiatives, as mentioned in the merger announcement, may have attracted investors who prioritize ESG (Environmental, Social, and Governance) factors. This can lead to a positive perception of the company's long-term prospects. 5. **Market Reaction**: The fact that the company's stock was actively traded and that there was no mention of negative sentiment in the earnings call or press releases suggests that the market was generally pleased with the company's performance. In conclusion, PRMB's Q4 earnings surprise, coupled with the company's revenue growth, successful merger, and positive future outlook, likely contributed to a positive sentiment among investors.