Cintas's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Cintas (NASDAQ:CTAS) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $3.58. Historical data shows Cintas has previously beaten EPS estimates, leading to slight increases in share price. Shares are currently trading at $635.66, marking a 36.64% increase over the last 52 weeks. Investors are optimistic but will be closely watching the company's guidance for future growth.
March 26, 2024 | 2:00 pm
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POSITIVE IMPACT
Cintas is expected to report an EPS of $3.58 for the upcoming quarter. Historical performance shows positive reactions to earnings beats and guidance. Shares have risen 36.64% over the past year, indicating strong investor confidence.
Given Cintas's history of beating EPS estimates and the subsequent positive impact on its share price, there is a strong likelihood of a positive short-term impact on CTAS shares if the company beats the EPS estimate again and provides optimistic future guidance. The 36.64% increase in share price over the last year further supports investor confidence in the company's performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100