Patterson Companies (NASDAQ:PDCO) is expected to report Q1 earnings before market open Thursday Aug. 21, with a conference call scheduled for 10:00 am ET.
Analysts are looking for a profit of 39c on revenue of $755.33M. The consensus is 39c to 40c for EPS, and revenue of $750M to $761M, according to First Call.
In its Q4 earnings release, Patterson Companies reported EPS in line at 51c and revenue of $778.4M compared to consensus of $800.49M. Positive drivers for this quarters earnings include upgrades to CEREC systems and the expansion of the veterinary equipment business. On May 22, Patterson gave Q1 guidance of 38c to 40c.
On June 19, Baird noted that its checks indicate Patterson's new initiatives to re-invigorate its dental business are likely a positive and could modestly drive upside to revenues and cost savings. The firm rated the shares a Neutral.