As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at specialized consumer services stocks, starting with Service International (NYSE:SCI).
Some consumer discretionary companies don’t fall neatly into a category because their products or services are unique. Although their offerings may be niche, these companies have often found more efficient or technology-enabled ways of doing or selling something that has existed for a while. Technology can be a double-edged sword, though, as it may lower the barriers to entry for new competitors and allow them to do serve customers better.
The 9 specialized consumer services stocks we track reported a weaker Q2. As a group, revenues missed analysts' consensus estimates by 0.8% while next quarter's revenue guidance was in line.
Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. On the other hand, 2024 has been a bumpier ride as the market switches between optimism and pessimism around rate cuts and inflation, and specialized consumer services stocks have had a rough stretch. On average, share prices are down 7.4% since the latest earnings results.
Service International (NYSE:SCI)
Founded in 1962, Service International (NYSE: SCI) is a leading provider of death care products and services in North America.
Service International reported revenues of $1.03 billion, up 2% year on year. This print was in line with analysts' expectations, but overall, it was a weaker quarter for the company with a miss of analysts' earnings and funeral services performed estimates.
Unsurprisingly, the stock is down 7.3% since reporting and currently trades at $74.18.
Read our full report on Service International here, it's free.
Best Q2: Carriage Services (NYSE:CSV)
Established in 1991, Carriage Services (NYSE:CSV) is a provider of funeral and cemetery services in the United States.
Carriage Services reported revenues of $102.3 million, up 4.8% year on year, outperforming analysts' expectations by 7.7%. It was a strong quarter for the company with full-year revenue guidance exceeding analysts' expectations.
Carriage Services delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 6.6% since reporting. It currently trades at $30.01.
Is now the time to buy Carriage Services? Access our full analysis of the earnings results here, it's free.
Weakest Q2: Matthews (NASDAQ:MATW)
Originally a death care company, Matthews International (NASDAQ:MATW) is a diversified company offering ceremonial services, brand solutions and industrial technologies.
Matthews reported revenues of $427.8 million, down 10.9% year on year, falling short of analysts' expectations by 10%. It was a weak quarter for the company with a miss of analysts' earnings estimates.
Matthews had the weakest performance against analyst estimates in the group. As expected, the stock is down 5.9% since the results and currently trades at $26.40.
Read our full analysis of Matthews's results here.
WeightWatchers (NASDAQ:WW)
Known by many for its old cable television commercials, WeightWatchers (NASDAQ:WW) is a wellness company offering a range of products and services promoting weight loss and healthy habits.
WeightWatchers reported revenues of $202.1 million, down 10.9% year on year, falling short of analysts' expectations by 3.3%. Overall, it was a weak quarter for the company with full-year revenue guidance missing analysts' expectations and a miss of analysts' earnings estimates.
WeightWatchers had the slowest revenue growth and weakest full-year guidance update among its peers. The stock is down 28.4% since reporting and currently trades at $0.77.
Read our full, actionable report on WeightWatchers here, it's free.
Pool (NASDAQ:POOL)
Founded in 1993 and headquartered in Louisiana, Pool (NASDAQ:POOL) is one of the largest wholesale distributors of swimming pool supplies, equipment, and related leisure products.
Pool reported revenues of $1.77 billion, down 4.7% year on year, surpassing analysts' expectations by 1.5%. Taking a step back, it was a decent quarter for the company with a solid beat of analysts' organic revenue estimates.
The stock is up 7.1% since reporting and currently trades at $349.21.
Read our full, actionable report on Pool here, it's free.
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