Yahoo Finance Service International Earnings: What To Look For From SCI
Funeral services company Service International (NYSE:SCI) will be announcing earnings results tomorrow after the bell. Here's what you need to know.
Service International beat analysts' revenue expectations by 2.7% last quarter, reporting revenues of $1.05 billion, up 1.6% year on year. It was a good quarter for the company, with a decent beat of analysts' earnings estimates.
Is Service International a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Service International's revenue to grow 1.3% year on year to $1.03 billion, in line with the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.
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 a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.8% on average.
Looking at Service International's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Pool's revenues decreased 4.7% year on year, beating analysts' expectations by 1.5%, and LKQ reported revenues up 7.6%, falling short of estimates by 4%. Pool traded up 14% following the results while LKQ was down 9.6%.
Read our full analysis of Pool's results here and LKQ's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.2% on average over the last month. Service International is up 11.6% during the same time and is heading into earnings with an average analyst price target of $81.9 (compared to the current share price of $78.55).
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