Rentokil's Revenue Miss Likely to Prompt Consensus Downgrade -- Market Talk

Dow Jones
04-17

0853 GMT - Rentokil's weaker-than-expected revenue performance in the first quarter is expected to modestly hit analyst expectations for the year, Bernstein analysts Will Kirkness and Filippo Giardini say in a note. The pest-control, hygiene and workwear services provider's organic revenue grew 1.8%, compared with a Bernstein forecast of 2%, while organic growth in North America was 0.7% versus a 2% estimate, the analysts say. Pretax profit consensus for the year stands at $931 million, with Bernstein analysts expecting $920 million. Shares are up 3.1% at 343.50 pence. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

April 17, 2025 04:54 ET (08:54 GMT)

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