Patterson Companies, Inc. (NASDAQ:PDCO) is set to announce first quarter earning results on Thursday 3rd September 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PDCO to report 1Q21 income of $ 0.23 per share.
For the full year, analysts anticipate top line of $ 5353.37 million, while looking forward to income of $ 1.41 per share bottom line.
Previous Quarter Performance
Patterson Companies, Inc. posted income for the fourth quarter of $ 0.43 per share, from the revenue of $ 1,286.00 million. The quarterly earnings 16.22 percent while revenues dropped 10.49 percent compared with the same quarter last year.
Street analysts expected Patterson Companies, Inc. to report income of $ 0.20 per share on revenue of $ 1280.09 million for the fourth quarter. The bottom line results beat street analysts by $ 0.23 or 115.00 percent, at the same time, top line results outshined analysts by $ 5.91 million or 0.46 percent.
Stock Performance
Shares of Patterson Companies, Inc. traded up $ 1.18 or 4.08 percent on Wednesday, reaching $ 30.11 with volume of 1.24 million shares. The stock opened positive for the day at $ 29.10, after closing the previous day trading at $ 28.93.
According to the previous trading day, closing price of $ 28.93, representing a 123.74 % increase from the 52 week low of $ 12.93 and a 4.77 % decrease over the 52 week high of $ 30.38.
The company has a market capital of $ 2.90 billion and is part of the Healthcare sector and Medical Distribution industry.
Recent Analyst recommendations
- On 27th August 2020, maintained by Bank of America at Buy rating, with $ 31.00 target price.
- On 20th July 2020, maintained by Bank of America at Buy rating, with $ 27.50 target price.
Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments.
