Published on 22 Mar 2024 on Zacks via Yahoo Finance
Reasons to Hold Patterson Companies (PDCO) in Your Portfolio
Patterson Companies, Inc. PDCO is well poised for growth in the coming quarters, courtesy of its broad product line. The optimism, led by a strong performance of certain business segments during third-quarter fiscal 2024 and a few notable acquisitions, is expected to contribute further. Integration risks and stiff competitive forces persist.
Shares of this Zacks Rank #3 (Hold) company have lost 3.9% year to date against the industry’s 6% growth. The S&P 500 Index has increased 9.6% during the same time frame.
The renowned global dental and animal health company has a market capitalization of $2.45 billion. It projects 8.2% growth for the next five years and expects to maintain its strong performance going forward. Patterson Companies’ earnings missed the Zacks Consensus Estimate in two of the trailing four quarters, beat once and met in the other, delivering an average surprise of 0.77%.