AHCO - Patterson Companies: Something To Smile About
2024-06-19 09:00:38 ET
Summary
- Patterson Companies' stock surged 11.1% after beating revenue forecasts in Q4 of 2024 fiscal year.
- Despite recent financial performance decline, management's guidance for 2025 suggests potential for growth.
- PDCO stock remains attractively priced compared to similar enterprises, offering potential upside.
Patterson Companies overview
In this market, investors can be quite fickle. But a beautiful thing happens when you have a company that's trading on the cheap and that happens to beat analysts' forecasts when it comes to both revenue and profits. A great example of this can be seen by looking at Patterson Companies ( PDCO ), a business that is engaged in distributing dental and animal health products throughout the US and Canada. After reporting financial results for the final quarter of its 2024 fiscal year, with sales exceeding analysts' forecasts and adjusted earnings per share matching forecasts, shares of the business popped, closing up 11.1% on June 18th....
Patterson Companies: Something To Smile About