Patrick Industries Inc expected to post earnings of $1.83 a share - Earnings Preview

Patrick Industries

25/07/2023 19:33

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 27. 
    * The Elkhart Indiana-based  company is expected to report 
a
36.0% decrease in revenue to $944.563 million from $1.48 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 $1.83 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 had fallen by
about 8.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Patrick
Industries Inc is $85​, above​ its last closing price of $83.36.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.16        1.14       1.35      Beat    18.6
 Dec. 31 2023  1.58        1.59       1.68      Beat    5.9
 Sep. 30 2022  1.99        1.98       2.43      Beat    22.9​
 Jun. 30 2022  3.52        3.67       5.31      Beat    44.7
 ​​Mar.        2.84        2.80       4.93      Beat    76.1
 31 2022                                                
 Dec. 31 2021  1.97        1.98       2.62      Beat    32.2​
 Sep. 30 2021  2.02        2.03       2.45      Beat    21
 Jun. 30 2021  1.83        1.83       2.52      Beat    37.9
 This summary was machine generated July 25 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated