Top Wall Street Forecasters Revamp Patterson Companies Expectations Ahead Of Q4 Earnings
Portfolio Pulse from Avi Kapoor
Patterson Companies, Inc. (NASDAQ:PDCO) is set to release its fiscal 2024 Q4 financial results on Tuesday. Analysts expect a slight decline in earnings per share and revenue compared to the previous year. The company recently approved a $500 million stock buyback and declared a quarterly dividend. Analysts have mixed ratings on the stock, with recent downgrades and price target adjustments.
June 14, 2024 | 2:46 pm
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Patterson Companies is expected to report a slight decline in Q4 earnings and revenue. The company recently approved a $500 million stock buyback and declared a quarterly dividend. Analysts have mixed ratings, with some downgrades and price target adjustments.
The expected slight decline in earnings and revenue, combined with mixed analyst ratings, suggests a neutral short-term impact. The recent stock buyback and dividend declaration may provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100