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Patterson Companies (PDCO) Q3 Earnings Beat, Sales Miss
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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 third-quarter fiscal 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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 58 cents, which fell from 68 cents in the year-ago quarter. However earnings came ahead of the Zacks Consensus Estimate of 57 cents.
Sales: Net sales from continuing operations fell 0.25% from the year-ago quarter to $1.40 billion, which missed the Zacks Consensus Estimate of $1.43 billion.
Key Stats: Patterson Animal Health sales rose 4.9% to $762.6 million, driven by solid contribution from the consumable segment of the business (up 5.0%). The strong result was driven by robust performance in the U.S. companion animal business. Additionally, livestock end markets are starting to improve that holds considerable promise for the long haul. The company expects adjusted EPS for full year 2017 in the range of $2.27 to $2.33 per diluted share.
Stock Price: As of Feb 22, 2017, Patterson’s closed the trading session at $44.60 per share.
Shares price did not show any movement in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
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Patterson Companies (PDCO) Q3 Earnings Beat, Sales Miss
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 third-quarter fiscal 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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 58 cents, which fell from 68 cents in the year-ago quarter. However earnings came ahead of the Zacks Consensus Estimate of 57 cents.
Sales: Net sales from continuing operations fell 0.25% from the year-ago quarter to $1.40 billion, which missed the Zacks Consensus Estimate of $1.43 billion.
Key Stats: Patterson Animal Health sales rose 4.9% to $762.6 million, driven by solid contribution from the consumable segment of the business (up 5.0%). The strong result was driven by robust performance in the U.S. companion animal business. Additionally, livestock end markets are starting to improve that holds considerable promise for the long haul. The company expects adjusted EPS for full year 2017 in the range of $2.27 to $2.33 per diluted share.
Stock Price: As of Feb 22, 2017, Patterson’s closed the trading session at $44.60 per share.
Patterson Companies, Inc. Price and EPS Surprise
Patterson Companies, Inc. Price and EPS Surprise | Patterson Companies, Inc. Quote
Shares price did not show any movement in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>