Patterson Tops Q4 Earnings, Ups Margins Across Dental And Animal Health Segments
Portfolio Pulse from Lekha Gupta
Patterson Companies Inc (NASDAQ:PDCO) reported a 5% YoY net sales increase to $1.72 billion for Q4 2023, beating the consensus of $1.66 billion. Gross profit rose to $389.8 million, and adjusted EPS of $0.84 beat the analyst consensus of $0.70. The company expects FY24 adjusted EPS forecast of $2.45 to $2.55 against the consensus of $2.34.
June 21, 2023 | 2:10 pm
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Patterson Companies reported better-than-expected Q4 2023 results, with net sales and adjusted EPS beating consensus estimates. The company also provided a positive outlook for FY24.
Patterson Companies reported strong Q4 2023 results, with net sales and adjusted EPS surpassing consensus estimates. The company's positive outlook for FY24 indicates continued growth and value creation, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100