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Patterson (PDCO) Posts Lower than Expected Q2 Earnings

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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 #3 (Hold) but that could change following its second-quarter fiscal 2017 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 56 cents, flat versus the year-ago quarter and missing the Zacks Consensus Estimate of 61 cents.

Sales: Net sales from continuing operations surged 2.1% from the year-ago quarter to $1,418.2 million, which missed the Zacks Consensus Estimate of $1,435.0 million.
Key Stats: Patterson Animal Health sales surged 4.2% to $807.1 million, driven by higher contribution from the consumable segment of the business (up 4.4%). However Dental sales were flattish year over year.

Guidance: Patterson Companies affirmed full year fiscal 2017 adjusted EPS guidance range of $2.25 to $2.35 per diluted share.


PATTERSON COS Price and EPS Surprise



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


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