Patterson Cos: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Patterson Cos (NASDAQ:PDCO) reported Q2 earnings with an EPS of $0.5, missing estimates by 13.79% against the expected $0.58. Revenue increased by $26.77 million from the same period last year. In the previous quarter, a miss on EPS resulted in a 2.28% share price drop the following day. Historical earnings show variability in surpassing estimates.
November 29, 2023 | 12:05 pm
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NEGATIVE IMPACT
Patterson Cos reported lower-than-expected Q2 earnings with an EPS of $0.5, missing the estimate by 13.79%. Revenue increased compared to last year. Historical data suggests potential negative stock price movement.
Given the earnings miss and historical stock price reaction to past earnings misses, it is likely that PDCO's stock price may experience a short-term decline. The 13.79% miss is significant, and past patterns indicate a negative response from the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100