Patrick Industries Inc reports results for the quarter ended March 31 - Earnings Summary

Patrick Industries

01/05/2025 14:33

Patrick Industries Inc PATK.OQ reported quarterly adjusted earnings of $1.11​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.06.  The mean expectation of nine analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 89 cents to $1.03 per share.

Revenue rose 7.5% to $1.00 billion from a year ago; analysts expected $961.50 million.

Patrick Industries Inc's reported EPS for the quarter was $1.11​.

The company reported quarterly net income of $38.24 million.

Patrick Industries Inc shares had fallen by 9.0% this quarter and lost 7.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Patrick Industries Inc is $100.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.98
1.11
Beat
Dec. 31 2024
0.51
0.42
Missed
Sep. 30 2024
1.22
1.20
Missed
Jun. 30 2024
1.36
1.44
Beat