Cintas Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Cintas Corporation (NASDAQ:CTAS) reported better-than-expected quarterly EPS and revenues, leading to mixed analyst reactions. The company posted EPS of $3.99 and revenues of $2.471 billion, both surpassing estimates. Analysts adjusted their price targets, with some downgrading and others maintaining or upgrading their ratings.
July 19, 2024 | 5:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cintas Corporation reported better-than-expected Q4 EPS of $3.99 and revenues of $2.471 billion. Analysts had mixed reactions, with some downgrading and others maintaining or upgrading their ratings. The stock fell 0.2% to $757.73.
Cintas' better-than-expected earnings and revenue performance is a positive indicator for the stock. However, mixed analyst ratings may create short-term volatility. The overall positive financial results and raised price targets by some analysts suggest a likely upward trend.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100