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S&P 500 (NYSE:SPY) component Patterson Companies, Inc. (NASDAQ:PDCO) will unveil its latest earnings on Tuesday, November 20, 2012. Patterson Companies distributes dental, companion-pet veterinarian, and rehabilitation supplies.
Patterson Companies, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 49 cents per share, a rise of 6.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It has risen from 48 cents during the last month. For the year, analysts are projecting profit of $2.12 per share, a rise of 10.4% from last year.
Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 45 cents per share against a mean estimate of 49 cents. Two quarters ago, it beat expectations by one cent with profit of 58 cents.
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Stock Price Performance: Between August 21, 2012 and November 14, 2012, the stock price fell $2.06 (-5.7%), from $36.12 to $34.06. The stock price saw one of its best stretches over the last year between April 23, 2012 and May 1, 2012, when shares rose for seven straight days, increasing 6.5% (+$2.11) over that span. It saw one of its worst periods between February 28, 2012 and March 7, 2012 when shares fell for seven straight days, dropping 5.3% (-$1.72) over that span.
Wall St. Revenue Expectations: Analysts are projecting a rise of 4.5% in revenue from the year-earlier quarter to $895.5 million.
A Look Back: In the first quarter, profit fell 2.2% to $47.5 million (45 cents a share) from $48.6 million (42 cents a share) the year earlier, missing analyst expectations. Revenue rose 4.9% to $889.2 million from $847.4 million.
On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 8.5% in the third quarter of the last fiscal year and 5.9% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
Heading into this earnings announcement, net income has dropped 3.9% on average for the last four quarters.
Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.72 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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