Patrick Industries (PATK) Q4 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Patrick Industries reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, but down from $0.99 per share a year ago, representing an earnings surprise of 4% [1] - The company posted revenues of $846.12 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.06%, compared to year-ago revenues of $781.19 million [2] - Over the last four quarters, Patrick Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Patrick Industries shares have increased approximately 17.6% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.94 on revenues of $941.5 million, and for the current fiscal year, it is $5.38 on revenues of $3.95 billion [7] Group 3: Industry Context - The Building Products - Mobile Homes and RV Builders industry is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The Zacks Rank for Patrick Industries is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]