Patrick Industries Inc expected to post earnings of $1.75 a share - Earnings Preview

Patrick Industries

24/10/2023 19:32

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Elkhart Indiana-based  company is expected to report 
a
24.9% decrease in revenue to $835.637 million from $1.11 billion
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Patrick Industries
Inc is
for earnings of $1.75 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $95​, above​ its last closing price of $72.98.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.99        1.98       2.43      Beat    22.9
 ​​Jun.        3.52        3.67       5.31      Beat    44.7
 30 2022                                                
 Mar. 31 2022  2.84        2.80       4.93      Beat    76.1​
 Dec. 31 2021  1.97        1.98       2.62      Beat    32.2
 Sep. 30 2021  2.02        2.03       2.45      Beat    21
 This summary was machine generated October 24 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated