Patterson Companies (NASDAQ:PDCO) reported its Q4 earnings results on Wednesday, June 29, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Patterson Companies beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.
Revenue was up $77.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.42% increase in the share price the next day.
Here's a look at Patterson Companies's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.50 | 0.50 | 0.37 | 0.52 |
| EPS Actual | 0.55 | 0.58 | 0.43 | 0.38 |
| Revenue Estimate | 1.63B | 1.58B | 1.44B | 1.52B |
| Revenue Actual | 1.60B | 1.65B | 1.61B | 1.56B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Patterson Companies management provided guidance for FY 2023, expecting earnings between $2.25 and $2.35 per share.
To track all earnings releases for Patterson Companies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
