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SCIBearishEarningsnews

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Service Corp International Analysts Boost Their Forecasts After Upbeat Earnings

Nov 1, 2024, 2:55 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The significant projected loss in Q4 could dampen investor sentiment, similar to past post-earnings reactions.

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What happened, with direct paths to the underlying reporting

Service Corp Intl's Q3 adjusted EPS was 79 cents, beating estimates. Quarterly sales of $1.014 billion missed the forecast of $1.016 billion. CEO noted stable gross profit in funeral and cemetery services. Fourth-quarter loss projection is $1.00-1.10, worse than expected. Analysts raised price targets with one reaching $92.

Service Corp Intl's Q3 adjusted EPS was 79 cents, beating estimates.
Quarterly sales of $1.014 billion missed the forecast of $1.016 billion.
CEO noted stable gross profit in funeral and cemetery services.
Fourth-quarter loss projection is $1.00-1.10, worse than expected.
Analysts raised price targets with one reaching $92.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.