Service Corp Intl Q1 2024 Adj EPS $0.89 Beats $0.85 Estimate, Sales $1.045B Beat $1.017B Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Corp Intl (NYSE:SCI) reported Q1 2024 adjusted EPS of $0.89, surpassing the $0.85 estimate, with sales of $1.045B exceeding the $1.017B forecast. This represents a 4.3% decrease in EPS and a 1.55% increase in sales year-over-year.
May 01, 2024 | 9:31 pm
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POSITIVE IMPACT
Service Corp Intl reported higher than expected Q1 2024 earnings and sales, with a slight decrease in EPS but an increase in sales compared to last year.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in SCI's stock price. The reported decrease in EPS year-over-year might temper some of the positive impact, but the overall beat on expectations and sales growth suggests a strong performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100