Patterson Cos Q2 Adjusted EPS $0.50 Misses $0.58 Estimate, Sales $1.65B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Patterson Companies, Inc. (PDCO) reported Q2 adjusted EPS of $0.50, missing the consensus estimate of $0.58 by 13.79%, and a 20.63% decrease from $0.63 EPS last year. Sales were $1.65B, missing the $1.70B estimate by 2.84%, but marked a 1.65% increase from $1.63B in the same period last year.
November 29, 2023 | 12:02 pm
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NEGATIVE IMPACT
Patterson Companies reported lower-than-expected Q2 earnings and sales, with a significant decrease in EPS compared to last year and a slight increase in sales.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant decrease in EPS year-over-year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100