Funeral services company Carriage Services (NYSE: CSV) will be reporting earnings this Wednesday after market hours. Here’s what you need to know.
Carriage Services missed analysts’ revenue expectations last quarter, reporting revenues of $106.1 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is Carriage Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Carriage Services’s revenue to grow 6.6% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Carriage Services rarely misses Wall Street’s revenue estimates.
Looking at Carriage Services’s peers in the consumer discretionary - specialized consumer services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Service International delivered year-on-year revenue growth of 3.6%, beating analysts’ expectations by 1.8%, and ADT reported revenues up 2%, topping estimates by 1.8%. Service International’s stock price was unchanged after the resultswhile ADT was up 3.2%.
Read our full analysis of Service International’s results here and ADT’s results here.
Investors in the consumer discretionary - specialized consumer services segment have had steady hands going into earnings, with share prices flat over the last month. Carriage Services is up 6.1% during the same time and is heading into earnings with an average analyst price target of $60 (compared to the current share price of $40.62).
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