Patrick Industries Inc expected to post earnings of $2.80 a share - Earnings Preview

Patrick Industries

26/04/2022 17:58

* Patrick Industries Inc  PATK.OQ   PATK.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 28. 
    * The Elkhart Indiana-based  company is expected to report 
a
39.0% increase in revenue to $1.182 billion from $850.48 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Patrick Industries
Inc is
for earnings of $2.80 per share. For the same quarter last year,
the company reported earnings of $2.04 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 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 $90​, above​ its last closing price of $62.60.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  1.32        1.32       2.04      Beat    54.3
 ​​Dec.        1.44        1.44       1.64      Beat    13.6
 31 2020                                                
 Sep. 30 2020  1.30        1.25       1.62      Beat    29.2​
 Jun. 30 2020  -0.06       -0.10      0.15      Beat    252.2
 Mar. 31 2020  0.67        0.69       0.91      Beat    31.1
 This summary was machine generated April 26 at 16:58 GMT.  All
figures in US dollars  unless otherwise stated