Carriage Services beats Q3 revenue estimates on cemetery preneed sales growth

Carriage Services

05/11/2025 21:57

Overview

Carriage Services Q3 revenue grows 2%, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company divested non-core assets

Outlook

Company revises 2025 revenue outlook to $413 mln-$417 mln from $410 mln-$420 mln

Carriage Services expects 2025 adjusted EPS of $3.25-$3.30, up from $3.15-$3.35

Company projects 2025 adjusted EBITDA of $130 mln-$132 mln, up from $129 mln-$134 mln

Result Drivers

CEMETERY SALES - 21.4% growth in cemetery preneed sales drove operating revenue increase

INSURANCE CONTRACTS - 27.9% increase in preneed insurance contracts boosted financial revenue

STRATEGIC ACQUISITIONS - Acquired businesses generated over $15 mln in revenue last year, aiding leverage reduction

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$102.7 mln
$101.19 mln (4 Analysts)
Q3 Adjusted EPS
Beat
$0.75
$0.73 (4 Analysts)
Q3 EPS
$0.41
Q3 Net Income
$6.60 mln
Q3 Adjusted EBITDA
Beat
$32.98 bln
$31.53 mln (4 Analysts)
Q3 Adjusted EBITDA Margin
32.10%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the personal services peer group is "buy"

Wall Street's median 12-month price target for Carriage Services Inc is $60.00, about 27.4% above its November 5 closing price of $43.59

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX82WCVZ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)