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

Patrick Industries

26/10/2023 14:33

* Patrick Industries Inc  PATK.OQ  reported quarterly
adjusted
earnings of $1.84​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of $1.75 per share.
    * Revenue fell 22.1% to $866.07 million from a year ago;
analysts
expected $839.92 million. 
    * Patrick Industries Inc's reported EPS for the quarter was
$1.84​.
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Patrick Industries Inc shares had fallen by 4.4% this
quarter and gained 18.4% so far this year.
    * The company reported quarterly net income of $39.55
million.
    * Wall Street's median 12-month price target for Patrick
Industries Inc is $95.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.75           1.84           Beat
 Jun. 30 2023      1.83           1.94           Beat
 Mar. 31 2023      1.14           1.35           Beat
 Dec. 31 2022      1.59           1.68           Beat