Patterson Companies, Inc. (NASDAQ:PDCO) is expected to announce second quarter financial results estimated on November 17, 2016. The company lost about -1 percent in value since last earnings when it was at $45.74. Based on the most relevant historical data, there is a 72 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 18 times out of last 25 quarters. It has topped earnings-per-share estimates 41% of the time in its last 12 earnings reports. It missed earnings on 4 occasions, and it has met expectations 3 times.
So how did PDCO’s earnings announcements affect its stock price in the past few quarters?
Patterson Companies, Inc. (PDCO) Earnings Reaction History
Overall, the average earnings surprise was -0.63 percent over the past four quarters. Back on August 25, 2016, it posted earnings per share at $0.51 which met the consensus $0.51 projection (no surprise). Revenue came in at 1.33B versus consensus estimate of 1.34B. The stock gained 0.55 percent the day following the earnings was released, and on 7th day price change was 0.57 percent.
On May 26, 2016, it posted earnings per share at $0.77 versus the consensus estimate of $0.75 (positive surprise of 2.7%). Revenue of 1.45B was below the $1.46B analysts had expected. The stock gained 5.87% the day following the earnings was released, and on 7th day price change was 7.38%.
On February 25, 2016, it posted earnings per share at $0.68, topping the consensus estimate of $0.67 (positive surprise of 1.5%). Revenue for the quarter was $1.39B while analysts had expected revenues to come in at $1.4B. The stock gained 0.31% the day following the earnings was released, and on 7th day price change was -2.6%.
On November 24, 2015, it posted earnings per share at $0.56 compared with the consensus estimate of $0.6 (negative surprise of -6.7%). That came on revenues of $1.14B for the quarter. Analysts had expected $1.15B in revenue.
Patterson Companies, Inc. Earnings Expectations
In front of Q2 earnings release, Wall Street is expecting earnings per share of $0.61. The analysts’ current consensus range is $0.59-$0.63 for EPS. The market consensus range for revenue is $1.42B-$1.46B, with an average of $1.44B.
Patterson Companies, Inc. (NASDAQ:PDCO) last closed at $45.33, sending the company’s market cap around $4.37B. The share price has declined -9.62% from its best level in 52 weeks and dropped 1.81% this year. It recently traded in a range of $44.04-$45.67 at a volume of 1228162 shares. The stock ended last trading session with the price nearly -3.92 lower for the last 5 trading days, rebounding 18.93% from its 52-week low.