Funeral services company Service International (NYSE: SCI) will be reporting results this Wednesday afternoon. Here’s what investors should know.
Service International beat analysts’ revenue expectations last quarter, reporting revenues of $1.10 billion, up 3.6% year on year. It was a satisfactory quarter for the company, with full-year EPS guidance topping analysts’ expectations. It reported 87,347 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 4% year on year, in line with the 4.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q3 results, giving us a hint as to what we can expect. Pool delivered year-on-year revenue growth of 3.7%, beating analysts’ expectations by 2%, and Hasbro reported revenues up 15%, topping estimates by 7.9%. Pool traded up 15.4% following the results while Hasbro was also up 15.7%.
Read our full analysis of Pool’s results here and Hasbro’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Service International is up 6.9% during the same time and is heading into earnings with an average analyst price target of $100.33 (compared to the current share price of $82.39).
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