Patterson Companies Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Patterson Companies, Inc. (NASDAQ:PDCO) will unveil its latest earnings on Thursday, February 23, 2012. Patterson Companies distributes dental, companion-pet veterinarian, and rehabilitation supplies.

Patterson Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 50 cents per share, a rise of 6.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 1.6% versus last year to $1.92.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the second quarter, it missed the mark by one cent as a result of reporting profit of 46 cents against an estimate of net income of 47 cents per share. In the first quarter, the company fell short of forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $863.7 million in revenue this quarter, a rise of 4.7% from the year-ago quarter. Analysts are forecasting total revenue of $3.49 billion for the year, a rise of 2% from last year’s revenue of $3.42 billion.

Analyst Ratings: Optimism surrounds Patterson Companies, as six analysts rate it as a buy, one rates it as a sell, and six rate it as a hold.

A Look Back: In the second quarter, profit fell 8.3% to $49 million (43 cents a share) from $53.4 million (45 cents a share) the year earlier, missing analyst expectations. Revenue remained stable at $856.9 million.

Key Stats:

Patterson Companies has seen net income fall in each of the last two quarters. Net income dropped 9.9% in the first quarter.

Revenue has slipped in the last two quarters. In the first quarter, the figure fell 0.3%.

Stock Price Performance: Between December 20, 2011 and February 17, 2012, the stock price had risen $4.17 (14.4%), from $28.87 to $33.04. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 7, 2011, when shares rose for 10 straight days, increasing 6.2% (+$1.91) over that span. It saw one of its worst periods between May 19, 2011 and June 8, 2011 when shares fell for 14 straight days, dropping 13.8% (-$5.02) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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