Patrick Industries Inc reports results for the quarter ended in December - Earnings Summary

Patrick Industries

10/02/2023 02:17

* Patrick Industries Inc  PATK.OQ  reported quarterly
adjusted
earnings of $1.68​​ per share for the quarter ended in December.
The mean expectation of six analysts for the quarter was
for earnings of $1.59 per share.
    * Revenue fell 17% to $951.92 million from a year ago;
analysts
expected $931.77 million. 
    * Patrick Industries Inc's reported EPS for the quarter was
$1.68​.
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Patrick Industries Inc shares had risen by 21.0% this
quarter.
    * The company reported quarterly net income of $40.69
million.
    * Wall Street's median 12-month price target for Patrick
Industries Inc is $73.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 02:17 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.59           1.68           Beat
 Sep. 30 2022      1.98           2.43           Beat
 Jun. 30 2022      3.67           5.31           Beat
 Mar. 31 2022      2.80           4.93           Beat