Carriage Servs Raises FY2024 Adj EPS Guidance from $2.30-2.40 to $2.45-2.55 vs $2.34 Est; Raises FY2024 Sales Guidance from $390.00M-400.00M to $395.00M-405.00M vs $395.76M Est
Portfolio Pulse from Benzinga Newsdesk
Carriage Services has raised its FY2024 adjusted EPS guidance to $2.45-$2.55, surpassing the analyst estimate of $2.34. The company also increased its FY2024 sales guidance to $395M-$405M, slightly above the $395.76M estimate. This indicates a positive outlook for the company's financial performance in the upcoming year.
October 30, 2024 | 10:08 pm
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POSITIVE IMPACT
Carriage Services has raised its FY2024 adjusted EPS and sales guidance, both exceeding analyst estimates. This suggests a positive outlook for the company's financial performance.
The increase in both EPS and sales guidance indicates that Carriage Services expects better financial performance than previously anticipated. This is likely to positively impact investor sentiment and the stock price in the short term, as the new guidance exceeds analyst estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100