Funeral services company Service International (NYSE: SCI) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Service International met analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, up 1.7% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but full-year EPS guidance slightly missing analysts’ expectations. It reported 89,117 funeral services performed, flat year on year.
Is Service International 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 Service International’s revenue to grow 2.1% year on year, in line with the 2.8% increase it recorded in the same quarter last year.
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 missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Service International’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Pool delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 3.8%, and Monarch reported revenues up 8.9%, topping estimates by 5.2%. Pool’s stock price was unchanged after the resultswhile Monarch was up 15.9%.
Read our full analysis of Pool’s results here and Monarch’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 12.8% on average over the last month. Service International is up 3.4% during the same time and is heading into earnings with an average analyst price target of $98.33 (compared to the current share price of $84.31).
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