Patrick Industries Q4 EPS $1.41 Beats $1.35 Estimate, Sales $781.19M Beat $774.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patrick Industries (NASDAQ:PATK) reported Q4 earnings of $1.41 per share, surpassing the $1.35 estimate, and sales of $781.19M, exceeding the $774.96M estimate. However, this reflects a decrease from the previous year, with earnings down 16.07% and sales down 17.94%.
February 08, 2024 | 1:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Patrick Industries reported higher-than-expected Q4 earnings and sales, but with significant declines from the previous year.
While Patrick Industries exceeded analyst expectations for Q4, the significant year-over-year decline in both earnings and sales may temper investor enthusiasm. The beat on estimates could provide some short-term positive sentiment, but the overall decline highlights potential challenges in growth or market conditions that could limit upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100