Cintas Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Cintas Corporation (NASDAQ:CTAS) is set to release its Q3 earnings before the market opens on March 27, 2024. Analysts predict earnings of $3.58 per share, up from $3.14 the previous year, with revenue expected at $2.39 billion. Following better-than-expected Q2 results and raised FY24 guidance, CTAS shares dropped 0.6% to $635.66. Analysts from RBC Capital, Barclays, Truist Securities, Stifel, and JP Morgan have updated their ratings and price targets for CTAS, reflecting optimism about the company's performance.
March 26, 2024 | 2:58 pm
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POSITIVE IMPACT
Cintas Corporation is anticipated to report increased earnings and revenue for Q3, with analysts showing strong confidence in the company's performance. Recent analyst upgrades and positive forecasts could bolster investor sentiment.
The anticipation of higher earnings and revenue for Q3, coupled with recent analyst upgrades and positive forecasts, suggests a positive short-term impact on CTAS's stock price. The company's performance exceeding expectations in Q2 and the subsequent guidance raise further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100