Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Patrick Industries despite higher revenues, with a focus on how actual results will compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected on May 1, 2025, with an estimated EPS of $0.98, reflecting a -17.7% change year-over-year, while revenues are projected at $956 million, a 2.4% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Patrick Industries is lower than the consensus, resulting in an Earnings ESP of -8.72%, indicating a bearish sentiment among analysts [10]. Historical Performance - In the last reported quarter, Patrick Industries exceeded EPS expectations by 4%, having beaten consensus estimates three times over the last four quarters [12][13]. Stock Movement Factors - An earnings beat or miss alone may not dictate stock movement, as other factors can influence investor sentiment and stock performance [14][16].