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

Patterson Companies

28/08/2024 19:06

* Patterson Companies Inc  PDCO.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in July,
lower than the same quarter last year, when the company reported
EPS of 40 cents.  The mean expectation of twelve analysts for
the quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 30 cents to 33 cents per share.
    * Revenue fell 2.2% to $1.54 billion from a year ago;
analysts
expected $1.59 billion. 
    * Patterson Companies Inc's reported EPS for the quarter was
15
cents​.
    * The company reported quarterly net income of $13.72
million.
    * Patterson Companies Inc shares had risen by 6.5% this
quarter and lost 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 11
"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 August 28 at
06:06 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
 Jul. 31 2024      0.32           0.24           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