Patrick Industries Inc expected to post earnings of $1.85 a share - Earnings Preview

Patrick Industries

29/10/2024 13:44

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
rise in quarterly revenue when it reports  results on October 31
for the period ending January 1 0001
    * The Elkhart Indiana-based  company is expected to report a
8.3% increase in revenue to $937.658 million from $866.07
million a year ago, according to the mean estimate from 10
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 $1.85 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $147.50​, above​ its last closing price
of $135.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.04        2.05       2.16      Beat    5.6
 Mar. 31 2024  1.31        1.32       1.59      Beat    20.5
 Dec. 31 2023  1.36        1.35       1.41      Beat    4.3​
 Sep. 30 2023  1.72        1.75       1.84      Beat    5.1
 ​​Jun.        1.84        1.83       1.94      Beat    6.3
 30 2023                                                
 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
 This summary was machine generated October 29 at 13:44 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)