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Rollins (ROL) Q3 Earnings & Revenues Top Estimates, Up Y/Y
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Rollins, Inc. (ROL - Free Report) reported better-than-expected third-quarter 2020 results. Adjusted earnings (excluding 2 cents from non-recurring items) of 26 cents per share beat the Zacks Consensus Estimate by 13% and increased 18.2% year over year. The increase was driven by aggressive cost-reduction efforts, lower fuel prices as well as routing and scheduling enhancements.
Revenues of $583.7 million beat the consensus mark by 1.6% and increased 4.9% year over year. Residential revenues recorded 10.6% year-over-year growth.
So far this year, shares of Rollins have gained 80% against 60.2% increase of the industry it belongs to.
Other Quarterly Details
Earnings before income taxes (EBIT) of $108.9 million increased more than 100% year over year. EBIT margin of 18.6% improved 1040 basis points (bps) year over year.
Net income of $79.6 million increased 80.5% year over year. Net income margin of 13.6% improved 570 bps year over year. Sales, general and administrative expenses of $168 million increased marginally year over year.
Rollins exited the third quarter with cash and cash equivalents balance of $95.4 million compared with the prior quarter’s $134.8 million. Long-term debt at the end of the quarter was $154.4 million compared with $242.5 million at the end of the prior quarter.
Equifax (EFX - Free Report) reported better-than-expected third-quarter 2020 results, with adjusted earnings of $1.87 per share beating the Zacks Consensus Estimate by 16.2% and rising 26.4% on a year-over-year basis. The reported figure exceeded the guidance of $1.30-$1.40.
The Interpublic Group of Companies (IPG - Free Report) reported better-than-expected third-quarter 2020 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate by 43.2% and rose 8.2% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported solid third-quarter 2020 adjusted earnings per share of $1.63, which beat the consensus mark by 8% and improved 1.9% on a year-over-year basis. The reported figure was above the guidance of $1.47-$1.55.
Zacks’ 2020 Election Stock Report
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Rollins (ROL) Q3 Earnings & Revenues Top Estimates, Up Y/Y
Rollins, Inc. (ROL - Free Report) reported better-than-expected third-quarter 2020 results.
Adjusted earnings (excluding 2 cents from non-recurring items) of 26 cents per share beat the Zacks Consensus Estimate by 13% and increased 18.2% year over year. The increase was driven by aggressive cost-reduction efforts, lower fuel prices as well as routing and scheduling enhancements.
Revenues of $583.7 million beat the consensus mark by 1.6% and increased 4.9% year over year. Residential revenues recorded 10.6% year-over-year growth.
So far this year, shares of Rollins have gained 80% against 60.2% increase of the industry it belongs to.
Other Quarterly Details
Earnings before income taxes (EBIT) of $108.9 million increased more than 100% year over year. EBIT margin of 18.6% improved 1040 basis points (bps) year over year.
Net income of $79.6 million increased 80.5% year over year. Net income margin of 13.6% improved 570 bps year over year. Sales, general and administrative expenses of $168 million increased marginally year over year.
Rollins, Inc. Price, Consensus and EPS Surprise
Rollins, Inc. price-consensus-eps-surprise-chart | Rollins, Inc. Quote
Rollins exited the third quarter with cash and cash equivalents balance of $95.4 million compared with the prior quarter’s $134.8 million. Long-term debt at the end of the quarter was $154.4 million compared with $242.5 million at the end of the prior quarter.
Currently, Rollins carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Equifax (EFX - Free Report) reported better-than-expected third-quarter 2020 results, with adjusted earnings of $1.87 per share beating the Zacks Consensus Estimate by 16.2% and rising 26.4% on a year-over-year basis. The reported figure exceeded the guidance of $1.30-$1.40.
The Interpublic Group of Companies (IPG - Free Report) reported better-than-expected third-quarter 2020 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate by 43.2% and rose 8.2% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported solid third-quarter 2020 adjusted earnings per share of $1.63, which beat the consensus mark by 8% and improved 1.9% on a year-over-year basis. The reported figure was above the guidance of $1.47-$1.55.
Zacks’ 2020 Election Stock Report
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
Check out the 2020 Election Stock Report >>