What's In Store For Patterson Companies' (PDCO) Q4 Earnings?
Zacks Investment Research | May 13, 2018 09:49PM ET
Patterson Companies, Inc.’s (NASDAQ:PDCO) fourth-quarter fiscal 2018 results are expected to release on May 24, before the market opens. While results are likely to show a decline in the core Dental segment, growth across other segments is likely to make up to some extent.
The third quarter of fiscal 2018 was a dismal one, with adjusted earnings of 43 cents per share declining 25.9% year over year. Moreover, the figure lagged the Zacks Consensus Estimate of 51 cents. Patterson recorded revenues of $1.375 billion, which also fell shy of the Zacks Consensus Estimate of $1.382 billion. Also, revenues dropped 1.6% from the year-ago quarter.
For the fourth quarter of fiscal 2018, the Zacks Consensus Estimate for revenues is pegged at $1.43 billion, reflecting a year-over-year decline of 1%. The same for earnings per share is pinned at 31 cents, showing a year-over-year decline of 55.1%.
Notably, Patterson has a negative average earnings surprise of 2.8% for the trailing four quarters.
Let’s delve deeper.
Patterson Companies, Inc. Price and EPS Surprise
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