Funeral services company Carriage Services (NYSE:CSV) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
Carriage Services beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $102.1 million, flat year on year. It was a strong quarter for the company, with full-year revenue guidance beating analysts’ expectations and a decent beat of analysts’ EBITDA estimates.
Is Carriage Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Carriage Services’s revenue to be flat year on year at $101.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Carriage Services has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 1.8% on average.
Looking at Carriage Services’s peers in the specialized consumer services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Mister Car Wash delivered year-on-year revenue growth of 5.7%, beating analysts’ expectations by 0.9%, and Service International reported revenues up 4.4%, topping estimates by 1.5%. Mister Car Wash traded up 8.4% following the results while Service International was also up 4.6%.
Read our full analysis of Mister Car Wash’s results here and Service International’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the specialized consumer services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.4% on average over the last month. Carriage Services is down 6.7% during the same time and is heading into earnings with an average analyst price target of $59.20 (compared to the current share price of $44.09).
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