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Patrick Industries (PATK) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-30 14:11
Core Insights - Patrick Industries reported quarterly earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of $0.95 per share, but down from $1.2 per share a year ago, representing an earnings surprise of +6.32% [1] - The company achieved revenues of $975.63 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 7.67% and up from $919.44 million year-over-year [2] - Patrick Industries has outperformed the S&P 500, with shares increasing about 19% year-to-date compared to the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $835.53 million, and for the current fiscal year, it is $4.23 on revenues of $3.79 billion [7] - The estimate revisions trend for Patrick Industries was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Building Products - Mobile Homes and RV Builders industry is currently in the bottom 30% of the Zacks Industry Rank, which may negatively impact stock performance [8] - Another company in the same industry, Champion Homes, is expected to report quarterly earnings of $0.81 per share, reflecting a year-over-year decline of -12.9%, with revenues projected at $651.4 million, up 5.6% from the previous year [9][10]