Patterson Companies Inc reports results for the quarter ended in April - Earnings Summary

Patterson Companies

18/06/2024 14:51

* Patterson Companies Inc  PDCO.OQ  reported quarterly
adjusted
earnings of 82 cents​​ per share for the quarter ended in April,
lower than the same quarter last year, when the company reported
EPS of 84 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 82 cents per share. Wall Street
expected results to range from 80 cents to 85 cents per share.
    * Revenue rose 0.1% to $1.72 billion from a year ago;
analysts
expected $1.70 billion. 
    * Patterson Companies Inc's reported EPS for the quarter was
74
cents​.
    * The company reported quarterly net income of $67.04
million.
    * Patterson Companies Inc shares had fallen by 17.4% this
quarter and lost 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Patterson
Companies Inc is $28.00 
This summary was machine generated from LSEG data June 18 at
01:50 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
 Apr. 30 2024      0.82           0.82           Met
 Jan. 31 2024      0.60           0.59           Missed
 Oct. 31 2023      0.58           0.50           Missed
 Jul. 31 2023      0.40           0.40           Met