Patterson Companies (PDCO) Q2 Earnings Beat, Revenues Miss
Zacks Investment Research | Dec 05, 2018 10:31PM ET
Patterson Companies Inc. (NASDAQ:PDCO) reported adjusted earnings of 39 cents per share in the second quarter of fiscal 2019, beating the Zacks Consensus Estimate of 36 cents. Earnings however fell 23.5% year over year.
Net sales in the quarter were $1.40 billion, up 1.4% year over year, missing the Zacks Consensus Estimate by a slight 0.01%.
Patterson Companies has a Zacks Rank #3 (Hold).
Segmental Analysis
The company currently distributes products through subsidiaries — Patterson Dental and Patterson Animal Health.
Dental Segment
This segment provides a virtually complete range of consumable dental products, equipment, software, turnkey digital solutions and value-added services to dentists as well as laboratories throughout North America.
In the second quarter, dental sales (39% of total sales) declined 2% year over year to approximately $542.5 million.
Dental Consumable
Sales in the sub-segment were $303.8 million, down 2.4% year over year.
Dental Equipment & Software
Sales in the segment fell 1.1% on a year-over-year basis to $167.7 million.
Other
This segment comprises technical service, parts and labor, software support services as well as office supplies. Sales in the segment declined 2.6% on a year-over-year basis to $71 million.
Patterson Companies, Inc. Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .Genomic Health reported adjusted earnings per share of 35 cents in the third quarter of 2018, which outpaced the Zacks Consensus Estimate of 7 cents.
Illumina reported adjusted earnings per share of $1.52, which surpassed the consensus mark by 21.6%.
Hill-Rom Holdings posted adjusted earnings per share of $1.63 in fourth-quarter fiscal 2018, which exceeded the Zacks Consensus Estimate by 7.9%.
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