Service Corp Intl Q2 2024 Adj. EPS $0.79 Misses $0.87 Estimate, Sales $1.034B Beat $1.027B Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Corp Intl (NYSE:SCI) reported Q2 2024 earnings per share of $0.79, missing the analyst estimate of $0.87 by 9.2%. However, the company reported sales of $1.034 billion, beating the estimate of $1.027 billion by 0.72%.
July 31, 2024 | 8:35 pm
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Service Corp Intl reported Q2 2024 EPS of $0.79, missing the $0.87 estimate, but sales of $1.034 billion beat the $1.027 billion estimate.
The miss on EPS is significant as it was 9.2% below expectations, which is likely to negatively impact the stock price in the short term. However, the beat on sales provides a slight positive offset.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100