Patrick Industries Inc expected to post earnings of $2.03 a share - Earnings Preview

Patrick Industries

27/10/2021 08:44

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected to show
a rise in quarterly revenue when it reports results on October
28. 
* The Elkhart, Indiana-based company is expected to report  a
37.5% increase in revenue to $963.329 million from $700.71
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 $2.03 per share. For the same quarter last
year, the company reported earnings of $1.62 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 29% above​ its last closing
price of $78.44. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 30 2020  1.30        1.25       1.62      Beat    29.2
 Jun.          -0.06​      -0.10      0.15      Beat    252.2​
 30​ 2020​                                              
 Mar. 31 2020  0.67        0.69       0.91      Beat    31.1​
 Dec. 31 2019  0.75        0.74       0.86      Beat    15.5
 Sep. 30 2019  0.96        0.96       0.92      Missed  -4.5
 This summary was machine generated October 27 at 07:43 GMT.  All
figures in US dollars unless otherwise stated