Funeral services company Service International (NYSE:SCI) will be reporting results tomorrow after the bell. Here’s what investors should know.
Service International met analysts’ revenue expectations last quarter, reporting revenues of $1.03 billion, up 2% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings estimates. It reported 86,031 funeral services performed, down 1.2% year on year.
Is Service International a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Service International’s revenue to grow 1.4% year on year to $1.02 billion, slowing from the 2.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Service International has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.3% on average.
Looking at Service International’s peers in the specialized consumer services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ADT delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 1.7%, and Pool reported a revenue decline of 2.8%, topping estimates by 2.1%. ADT traded up 13.8% following the results while Pool was also up 4.3%.
Read our full analysis of ADT’s results here and Pool’s results here.
Investors in the specialized consumer services segment have had steady hands going into earnings, with share prices flat over the last month. Service International is down 3.8% during the same time and is heading into earnings with an average analyst price target of $83.30 (compared to the current share price of $75.91).
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