Carriage Services Q1 revenue misses estimates, lifts FY outlook

Carriage Services

06/05/2026 22:11

Overview

U.S. funeral and cemetery operator's Q1 revenue declined and missed analyst expectations

Adjusted EPS and adjusted EBITDA for Q1 missed consensus

Company announced $100 mln at-the-market equity offering program

Outlook

Company expects 2026 total revenue of $440 mln to $450 mln

Company sees 2026 adjusted consolidated EBITDA of $135 mln to $140 mln

Company forecasts 2026 adjusted diluted EPS of $3.35 to $3.55

Result Drivers

FUNERAL VOLUME DECLINE - Lower funeral contract volume weighed on total revenue, offsetting gains in cemetery operations

CEMETERY REVENUE GROWTH - Cemetery revenue rose 6% as average price per preneed interment right sold increased 11% and preneed sales production grew 10%

HIGHER TAX RATE - Adjusted diluted EPS fell 10.4%, with the company citing an $0.08 per share impact from a higher tax rate

Company press release: ID:nGNX2qWh3W

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$106.10 mln
$111.90 mln (4 Analysts)
Q1 Adjusted EPS
Miss
$0.86
$0.88 (5 Analysts)
Q1 EPS
$0.84
Q1 Net Income
$13.50 mln
Q1 Adjusted EBITDA
Miss
$33.75 mln
$35.02 mln (3 Analysts)
Q1 Adjusted EBITDA Margin
31.80%


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 26.4% above its May 5 closing price of $47.48

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)