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Service International (SCI) Reports Q4: Everything You Need To Know Ahead Of Earnings

Published 02/11/2024, 02:01 AM
Updated 02/11/2024, 12:01 PM
Service International (SCI) Reports Q4: Everything You Need To Know Ahead Of Earnings

Funeral services company Service International (NYSE:SCI) will be reporting earnings tomorrow after market close. Here's what to expect.

Last quarter Service International reported revenues of $1.00 billion, up 2.5% year on year, beating analyst revenue expectations by 2.4%. It was a decent quarter for the company, with a solid beat of analysts' revenue and EPS estimates.

Is Service International buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting Service International's revenue to decline 0.4% year on year to $1.02 billion, improvement on the 1.5% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 5.1%.

Looking at Service International's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Universal Technical Institute (NYSE:UTI) delivered top-line growth of 45.6% year on year, beating analyst estimates by 3.8%. Universal Technical Institute traded up 4.2% on the results.

Read the full analysis of Universal Technical Institute's and MasterCraft Boat's results on StockStory.

There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 4.5% over the last month. Service International is down 1.5% during the same time, and is heading into the earnings with analyst price target of $73.3, compared to share price of $67.2.

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