Patrick Industries Inc expected to post earnings of $1.35 a share - Earnings Preview

Patrick Industries

06/02/2024 16:08

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
fall in quarterly revenue when it reports  results on February 8
for the period ending December 31 2023
    * The Elkhart Indiana-based  company is expected to report a
18.6% decrease in revenue to $774.957 million from $951.92
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Net Revenues)
    * ​LSEG's mean analyst estimate for Patrick Industries Inc
is for
earnings of $1.35 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Patrick
Industries Inc is $105.00​, above​ its last closing price
of $100.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.72        1.75       1.84      Beat    5.1
 Jun. 30 2023  1.84        1.83       1.94      Beat    6.3
 Mar. 31 2023  1.16        1.14       1.35      Beat    18.6​
 Dec. 31 2022  1.58        1.59       1.68      Beat    5.9
 ​​Sep.        1.99        1.98       2.43      Beat    22.9
 30 2022                                                
 Jun. 30 2022  3.52        3.67       5.31      Beat    44.7​
 Mar. 31 2022  2.84        2.80       4.93      Beat    76.1
 Dec. 31 2021  1.97        1.98       2.62      Beat    32.2
 This summary was machine generated February 6 at 16:07 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)