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

Patrick Industries

27/04/2023 20:21

* Patrick Industries Inc  PATK.OQ  reported quarterly
adjusted
earnings of $1.35​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of $1.14 per share.
    * Revenue fell 32.9% to $900.10 million from a year ago;
analysts
expected $833.94 million. 
    * Patrick Industries Inc's reported EPS for the quarter was
$1.35​.
    * The mean earnings estimate of analysts had fallen by
about 45.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Patrick Industries Inc shares had fallen by 6.2% this
quarter and gained 6.5% so far this year.
    * The company reported quarterly net income of $30.17
million.
    * Wall Street's median 12-month price target for Patrick
Industries Inc is $80.00 
    * 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 LSEG Refinitiv data
April 27 at 07:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.14           1.35           Beat
 Dec. 31 2022      1.59           1.68           Beat
 Sep. 30 2022      1.98           2.43           Beat
 Jun. 30 2022      3.67           5.31           Beat