- Service Corp reported a revenue of $1.03 billion for the second quarter, matching estimates and showing a 2% year-over-year increase.
- Adjusted earnings per share (EPS) for the quarter were 79 cents, down from 83 cents year-over-year and below the estimate of 87 cents.
- The company forecasts adjusted EPS for the year to be between $3.50 and $3.80, compared to an estimate of $3.67.
- Service Corp experienced a higher than expected decline in funeral services performed towards the end of the quarter, negatively impacting performance due to their high fixed cost structure.
- A growth of $21 million in revenue was partially attributed to the strong performance of the cemetery segment, resulting in slight margin growth compared to the previous year’s quarter.
- Analyst ratings show confidence in the company with 5 buy ratings, and no hold or sell ratings.
A look at Service Corp International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Service Corp International is positioned with a moderate outlook for value and resilience, indicating a solid foundation but room for improvement. The company shines in terms of both growth and dividend, showing promising signs for long-term sustainability and potential returns for investors. Additionally, Service Corp International demonstrates strong momentum, suggesting positive market sentiment and performance. The company operates funeral service locations, cemeteries, and crematoria globally, offering prearranged funeral services across its key markets.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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