Patterson Cos Q3 Adj EPS $0.59 Misses $0.60 Estimate, Sales $1.62B Miss $1.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Patterson Cos (NASDAQ:PDCO) reported Q3 adjusted EPS of $0.59, missing the consensus estimate of $0.60, and sales of $1.62B, below the $1.63B estimate. This represents a 4.84% decrease in EPS and a 0.94% increase in sales year-over-year.
February 28, 2024 | 12:02 pm
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Patterson Cos reported a Q3 adjusted EPS of $0.59, missing estimates by 1.67%, and sales of $1.62B, slightly below the expected $1.63B. Year-over-year, EPS decreased by 4.84%, while sales saw a modest increase of 0.94%.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The year-over-year decrease in EPS is particularly concerning, indicating potential underlying issues. However, the slight increase in sales year-over-year suggests some positive aspects, though not enough to offset the negative impact of missing estimates.
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IMPORTANCE 90
RELEVANCE 100