Corporate Apparel Company Cintas' Q1: Bottomline Beat, Inline Revenue, Raised FY24 Outlook & More
Portfolio Pulse from Shivani Kumaresan
Cintas Corporation reported Q1 FY24 revenue growth of 8% YoY to $2.34 billion, in line with analyst consensus. The company's EPS of $3.70 beat the consensus estimate of $3.67. Cintas raised its FY24 revenue and EPS outlook. Despite the positive report, CTAS shares are trading lower by 3.61%.
September 26, 2023 | 2:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Despite beating Q1 FY24 earnings estimates and raising its FY24 outlook, Cintas Corporation's stock is trading lower.
Cintas Corporation reported strong Q1 FY24 results and raised its FY24 outlook, which would typically be expected to have a positive impact on the stock. However, despite the positive earnings report, the stock is trading lower, indicating that other factors may be influencing the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100