Service Corp International Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Service Corp International (NYSE:SCI) reported better-than-expected Q3 earnings per share, leading analysts to raise their price targets. Despite missing sales estimates, the company saw stable profits and positive impacts from a new marketing agreement. SCI shares rose slightly following the news.
November 01, 2024 | 6:28 pm
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Service Corp International reported Q3 EPS of $0.79, beating estimates, but missed sales expectations. Analysts raised price targets, and shares rose 0.2%. The company benefits from a new marketing agreement.
SCI's better-than-expected EPS and analyst upgrades are positive indicators for the stock. The new marketing agreement is expected to continue benefiting revenue, supporting a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100