Patterson Companies: Q3 Earnings Insights

Patterson Companies PDCO reported its Q3 earnings results on Wednesday, March 2, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Patterson Companies beat estimated earnings by 10.0%, reporting an EPS of $0.55 versus an estimate of $0.5.

Revenue was up $46.00 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 0.73% drop in the share price the next day.

Here's a look at Patterson Companies's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.50	0.37	0.52	0.51
EPS Actual	0.58	0.43	0.38	0.58
Revenue Estimate	1.58B	1.44B	1.52B	1.50B
Revenue Actual	1.65B	1.61B	1.56B	1.55B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Patterson Companies management provided guidance for their next quarter, expecting earnings between $2.08 and $2.13 per share for the next quarter.

This represents a 282.73% in quarter-over-quarter growth for Patterson Companies, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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