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Here's What Key Metrics Tell Us About Service Corp. (SCI) Q2 Earnings
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For the quarter ended June 2024, Service Corp. (SCI - Free Report) reported revenue of $1.03 billion, up 2% over the same period last year. EPS came in at $0.79, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +2.06%. The company delivered an EPS surprise of -8.14%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Service Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable North America average revenue per funeral service
: $5,636 versus $5,651.34 estimated by two analysts on average.
Funeral services performed - North America
: 86,031 versus 85,852 estimated by two analysts on average.
Revenues- Cemetery
: $468.20 million compared to the $456.15 million average estimate based on three analysts. The reported number represents a change of +4.5% year over year.
Revenues- Funeral
: $565.80 million versus the three-analyst average estimate of $557.01 million. The reported number represents a year-over-year change of +0.1%.
Gross profit- Cemetery
: $157.50 million compared to the $152.84 million average estimate based on three analysts.
Gross profit- Funeral
: $100.40 million compared to the $115.53 million average estimate based on three analysts.
Shares of Service Corp. have returned +13.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Service Corp. (SCI) Q2 Earnings
For the quarter ended June 2024, Service Corp. (SCI - Free Report) reported revenue of $1.03 billion, up 2% over the same period last year. EPS came in at $0.79, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +2.06%. The company delivered an EPS surprise of -8.14%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Service Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Service Corp. here>>>Comparable North America average revenue per funeral service
: $5,636 versus $5,651.34 estimated by two analysts on average.Funeral services performed - North America
: 86,031 versus 85,852 estimated by two analysts on average.Revenues- Cemetery
: $468.20 million compared to the $456.15 million average estimate based on three analysts. The reported number represents a change of +4.5% year over year.Revenues- Funeral
: $565.80 million versus the three-analyst average estimate of $557.01 million. The reported number represents a year-over-year change of +0.1%.Gross profit- Cemetery
: $157.50 million compared to the $152.84 million average estimate based on three analysts.Gross profit- Funeral
: $100.40 million compared to the $115.53 million average estimate based on three analysts.Shares of Service Corp. have returned +13.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.