Patrick Industries Inc expected to post earnings of $1.98 a share - Earnings Preview

Patrick Industries

08/02/2022 19:34

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
10. 
    * The Elkhart Indiana-based  company is expected to report 
a
30.4% increase in revenue to $1.008 billion from $772.61 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Patrick Industries
Inc is
for earnings of $1.98 per share. For the same quarter last year,
the company reported earnings of $1.64 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "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 $110.5​, about 39.3% above​ its last closing
price of $67.12. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  2.02        2.03       2.45      Beat    21
 Jun. 30 2021  1.83        1.83       2.52      Beat    37.9
 Mar. 31 2021  1.32        1.32       2.04      Beat    54.3​
 Dec. 31 2020  1.44        1.44       1.64      Beat    13.6
 ​​Sep.        1.30        1.25       1.62      Beat    29.2
 30 2020                                                
 Jun. 30 2020  -0.06       -0.10      0.15      Beat    252.2​
 Mar. 31 2020  0.67        0.69       0.91      Beat    31.1
 Dec. 31 2019  0.75        0.74       0.86      Beat    15.5
 This summary was machine generated February 8 at 19:33 GMT.  All
figures in US dollars  unless otherwise stated