Patterson Companies Earnings: What Investors Should Watch

Patterson Companies (NASDAQ:PDCO) will report earnings before markets open on Thursday, August 22nd. Patterson Companies Inc. distributes dental products, veterinary supplies for companion pets, and rehabilitation supplies. The Company sells and markets to dental clinics and laboratories, veterinarians, and to the physical and occupational therapy markets.

Here is your Cheat Sheet to Patterson Companies Earnings:

Earnings Expectations: Analysts expect earnings of $0.48 per share on revenues of $914.57 million. Currently, the company’s P/E ratio stands at 20.49.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.49 to a profit $0.47. For the current year, the average estimate is a profit of $2.17, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Patterson Companies has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 3,094 3,237 3,416 3,536 3,637
Diluted EPS ($) 1.69 1.78 1.89 1.92 2.03

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 889.22 867.19 915.86 964.93
Diluted EPS ($) 0.45 0.44 0.52 0.62

Past Performance:
Patterson Companies has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)