Patterson Cos Q4 2024 Adj EPS $0.82 Misses $0.83 Estimate, Sales $1.723 Miss $1.705B Estimate
Portfolio Pulse from Benzinga Newsdesk
Patterson Companies (PDCO) reported Q4 2024 adjusted EPS of $0.82, missing the estimate of $0.83. Sales were $1.723 billion, also missing the estimate of $1.705 billion.
June 18, 2024 | 11:01 am
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NEGATIVE IMPACT
Patterson Companies (PDCO) reported Q4 2024 adjusted EPS of $0.82, missing the estimate of $0.83. Sales were $1.723 billion, also missing the estimate of $1.705 billion. This double miss on both earnings and sales could negatively impact the stock price in the short term.
The double miss on both earnings and sales is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. The misses, although small, indicate that the company did not meet market expectations, which can erode investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100