Patrick Industries Inc reports results for the quarter ended March 31 - Earnings Summary

• Patrick Industries Inc PATK.OQ reported quarterly adjusted earnings of $1.11​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of nine analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 89 cents to $1.03 per share.

• Revenue rose 7.5% to $1.00 billion from a year ago; analysts expected $961.50 million.

• Patrick Industries Inc's reported EPS for the quarter was $1.11​.

• The company reported quarterly net income of $38.24 million.

• Patrick Industries Inc shares had fallen by 9.0% this quarter and lost 7.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Patrick Industries Inc is $100.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)