Funeral services company Service International (NYSE: SCI) will be announcing earnings results this Wednesday after the bell. Here’s what you need to know.
Service International beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $1.07 billion, up 2.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ funeral services performed estimates but a miss of analysts’ Funeral revenue estimates. It reported 97,854 funeral services performed, up 3.7% 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 1.7% year on year to $1.05 billion, in line with the 2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.7% on average.
Looking at Service International’s peers in the specialized consumer services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Pool posted flat year-on-year revenue, meeting analysts’ expectations, and ADT reported revenues up 6.8%, topping estimates by 0.9%. Pool traded up 2.6% following the results while ADT’s stock price was unchanged.
Read our full analysis of Pool’s results here and ADT’s results here.
There has been positive sentiment among investors in the specialized consumer services segment, with share prices up 9.6% on average over the last month. Service International is down 6.5% during the same time and is heading into earnings with an average analyst price target of $89.80 (compared to the current share price of $76.14).
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