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Headquartered in St. Paul, MN, Patterson Companies Inc. (PDCO - Free Report) 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 #4 (Sell) but that could change following its first-quarter fiscal 2019 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 26 cents per share. However, earnings missed the Zacks Consensus Estimate of 35 cents. Earnings fell significantly by 40.9% year over year.
Sales: Net sales came in at $1.34 billion, which marginally beat the Zacks Consensus Estimate of $1.31 billion. Revenues rose 2.5% on a year-over-year basis.
Key Stats: Patterson Animal Health sales were $825.2 million, up 6.3% from the year-ago quarter.
Patterson Dental sales were $506.1 million, down 2.5% year over year.
Corporate sales were $5 million, down significantly by 45% on a year-over-year basis.
Major Factors: For 2019 Patterson Companies expects adjusted earnings per share to be within $1.40 to $1.50.
Stock Price: Following the earnings release, share prices inched down 15.6% at $20 in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
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Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
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Patterson Companies (PDCO) Q1 Earnings Miss, Revenues Beat
Headquartered in St. Paul, MN, Patterson Companies Inc. (PDCO - Free Report) 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 #4 (Sell) but that could change following its first-quarter fiscal 2019 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 26 cents per share. However, earnings missed the Zacks Consensus Estimate of 35 cents. Earnings fell significantly by 40.9% year over year.
Sales: Net sales came in at $1.34 billion, which marginally beat the Zacks Consensus Estimate of $1.31 billion. Revenues rose 2.5% on a year-over-year basis.
Patterson Companies, Inc. Price and EPS Surprise
Patterson Companies, Inc. Price and EPS Surprise | Patterson Companies, Inc. Quote
Key Stats: Patterson Animal Health sales were $825.2 million, up 6.3% from the year-ago quarter.
Patterson Dental sales were $506.1 million, down 2.5% year over year.
Corporate sales were $5 million, down significantly by 45% on a year-over-year basis.
Major Factors: For 2019 Patterson Companies expects adjusted earnings per share to be within $1.40 to $1.50.
Stock Price: Following the earnings release, share prices inched down 15.6% at $20 in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>