Patterson Companies, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Patterson Companies, Inc. (NASDAQ:PDCO) will unveil its latest earnings on Thursday, August 25, 2011. Patterson Companies Inc. distributes dental, companion-pet veterinarian and rehabilitation supplies.

Patterson Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 44 cents per share, a decline of 2.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 47 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 44 cents during the last month. For the year, analysts are projecting profit of $1.96 per share, a rise of 3.7% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 53 cents per share against a mean estimate of profit of 51 cents per share. In the third quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $872.9 million in revenue this quarter, a rise of 2.7% from the year ago quarter. Analysts are forecasting total revenue of $3.57 billion for the year, a rise of 4.4% from last year’s revenue of $3.42 billion.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.7% to $883.8 million in fourth quarter of the last fiscal year. The figure rose 0.6% in the third quarter of the last fiscal year from the year earlier, climbed 5.2% in the second quarter of the last fiscal year from the year-ago quarter and 7.6% in the first quarter of the last fiscal year.

The increase in profit in the fourth quarter of the last fiscal year comes after net income fell in the previous quarter. In the fourth quarter of the last fiscal year, net income rose 1.5% to $62.7 million. In the third quarter of the last fiscal year, net income fell 1.2%.

Competitors to Watch: Henry Schein, Inc. (NASDAQ:HSIC), PSS World Medical, Inc. (NASDAQ:PSSI), Owens & Minor, Inc. (NYSE:OMI), Chindex Intl., Inc. (NASDAQ:CHDX), McKesson Corporation (NYSE:MCK), Lincare Holdings Inc. (NASDAQ:LNCR), AmerisourceBergen Corp. (NYSE:ABC).

Stock Price Performance: During May 25, 2011 to August 19, 2011, the stock price had fallen $7.20 (-20.6%) from $35.01 to $27.81. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 7, 2011 when shares rose for 10-straight days, rising 6.1% (+$1.92) over that span. It saw one of its worst periods between May 19, 2011 and June 8, 2011 when shares fell for 14-straight days, falling 13.8% (-$5.06) over that span. Shares are down $2.50 (-8.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.