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

Patterson Companies

29/11/2023 14:31

* Patterson Companies Inc  PDCO.OQ  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter ended in
October, lower than the same quarter last year, when the company
reported EPS of 63 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 58 cents per
share. Wall Street expected results to range from 53 cents to 62
cents per share.
    * Revenue rose 1.6% to $1.65 billion from a year ago;
analysts
expected $1.70 billion. 
    * Patterson Companies Inc's reported EPS for the quarter was
42
cents​.
    * The company reported quarterly net income of $39.96
million.
    * Patterson Companies Inc shares had risen by 6.0% this
quarter and gained 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
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 "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 $34.50 
This summary was machine generated from LSEG data November 29 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.58           0.50           Missed
 Jul. 31 2023      0.40           0.40           Met
 Apr. 30 2023      0.70           0.84           Beat
 Jan. 31 2023      0.60           0.62           Beat