Service Corporation Now Expects FY24 Adjusted EPS At Lower End Of Its Prior Guidance Range Of $3.50 - $3.80, Est $3.67
Portfolio Pulse from Benzinga Newsdesk
Service Corporation International (SCI) has revised its FY24 adjusted EPS expectations to the lower end of its prior guidance range of $3.50 - $3.80, with an estimate of $3.67. Despite this, the company maintains the midpoint of its adjusted cash flow from operations guidance range of $900 million to $960 million, reflecting strong operating cash flow.
July 31, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Service Corporation International (SCI) has adjusted its FY24 EPS expectations to the lower end of its prior guidance range, now estimated at $3.67. However, the company maintains strong operating cash flow, reiterating the midpoint of its adjusted cash flow from operations guidance range of $900 million to $960 million.
The downward revision of EPS expectations is likely to have a negative short-term impact on SCI's stock price as it indicates lower profitability. However, the maintained strong operating cash flow may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100