Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Patterson Companies (PDCO) Beat Q4 Earnings; Sales Lag

Published 05/26/2016, 08:23 AM
Updated 07/09/2023, 06:31 AM
PDCO
-

Headquartered in St. Paul, MN, Patterson Companies Inc. (NASDAQ:PDCO) is one of the leading distributors of dental and companion-pet veterinarian supplies in the United States and Canada.

Currently, Patterson Companies has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Patterson Companies posted adjusted earnings from continuing operations of 77 cents, which improved 35.1% from the year-ago quarter and beat the Zacks Consensus Estimate of 76 cents.

Sales: Net sales from continuing operations surged 41.6% from the year-ago quarter (at constant currency) to $1.45 billion, but marginally missed the Zacks Consensus Estimate of $1.47 billion.

Key Stats: Patterson Animal Health sales surged 119.3% to $780.8 million, driven by solid contribution from the consumable segment of the business (up 127.7%).

Major Factors: The strong result was driven by robust performance in the U.S. companion animal business, as well as a strong contribution from the company’s U.K. operations.

Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.

Check back later for our full write up on this Patterson Companies earnings report later!

PATTERSON COS (PDCO): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.