Uniform and facility services provider Cintas (NASDAQ: CTAS) will be reporting results this Wednesday before market hours. Here’s what to look for.
Cintas beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $2.67 billion, up 8% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a slight miss of analysts’ full-year EPS guidance estimates.
Is Cintas a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Cintas’s revenue to grow 7.7% year on year to $2.69 billion, in line with the 6.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 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. Cintas has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.6% on average.
With Cintas being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for business services & supplies stocks. However, there has been positive investor sentiment in the segment, with share prices up 5% on average over the last month. Cintas is down 4.2% during the same time and is heading into earnings with an average analyst price target of $221 (compared to the current share price of $202.97).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
