Earnings Preview: Service Corp Intl
Portfolio Pulse from Benzinga Insights
Service Corp Intl (NYSE:SCI) is scheduled to release its quarterly earnings report on February 12, 2024, with analysts estimating an EPS of $0.91. Historical data shows that SCI's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, SCI beat the EPS estimate by $0.09, leading to a 13.58% increase in its share price the following day. However, over the last 52 weeks, SCI shares have declined by 7.63%.
February 09, 2024 | 3:01 pm
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NEUTRAL IMPACT
Service Corp Intl (SCI) is anticipated to report an EPS of $0.91 for the upcoming quarter. Historical performance indicates significant stock price movement following earnings guidance. Despite a positive beat last quarter, annual share performance has been negative.
The anticipation of SCI's earnings report and its historical performance suggest a neutral to potentially positive short-term impact on its stock price. The company's ability to beat EPS estimates and provide positive guidance could influence stock movement. However, the overall negative annual performance introduces caution, making the short-term impact uncertain.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100