Patterson Companies eyes best day in 1-1/2 years on robust profit forecast

Patterson Companies

29/06/2022 15:49

** Shares of dental and vet supplies firm Patterson
Companies Inc  PDCO.O  rise 8.9% to $30.44, on track for biggest
one-day pct gain since Dec 2020
    **PDCO forecasts 2023 adj EPS range of $2.25 to $2.35 per
share, above analysts' estimate of $2.24, per Refinitiv data
    ** Posts Q4 2022 adj profit of 71 cents/share on revenue of
$1.64 billion, also above estimates
    ** The current average analyst rating on the stock is
"hold," per Refinitiv
    ** PDCO shares up ~3.5% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))