Carriage Services Inc reports results for the quarter ended in June - Earnings Summary

Carriage Services

31/07/2024 23:44

* Carriage Services Inc  CSV.N  reported quarterly adjusted
earnings of 63 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of four analysts
for the quarter was for earnings of 52 cents per share. Wall
Street expected results to range from 48 cents to 56 cents per
share.
    * Revenue rose 4.8% to $102.32 million from a year ago;
analysts
expected $94.98 million. 
    * Carriage Services Inc's reported EPS for the quarter was
40
cents​.
    * The company reported quarterly net income of $6.26
million.
    * Carriage Services Inc shares had risen by 19.2% this
quarter and
gained 27.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "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 $38.00 
This summary was machine generated from LSEG data July 31 at
10:44 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.52           0.63           Beat
 Mar. 31 2024      0.59           0.75           Beat
 Dec. 31 2023      0.49           0.77           Beat
 Sep. 30 2023      0.50           0.33           Missed