Earnings To Watch: Cintas (CTAS) Reports Q3 Results Tomorrow
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Uniform and facility services provider Cintas CTAS will be announcing earnings results this Wednesday before market open. Here's what you need to know. Cintas beat analysts' revenue expectations last quarter, reporting revenues of $2.91 billion, up 8.9% year on year. It was a satisfactory quarter for the company, with a beat of analysts' EPS estimates but full-year EPS guidance in line with analysts' estimates. Is Cintas a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Cintas's revenue to grow 9.5% year on year, in line with the 8.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Cintas has a history of exceeding Wall Street's expectations. With Cintas being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unfold for business services & supplies stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. Cintas is down 5.3% during the same time. ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street...
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