Rollins' (ROL) organic growth in Q2 is likely to accelerate along with incremental margins despite near-term pressures from elevated fuel costs, RBC Capital Markets analysts said in a note emailed Thursday.

Analysts said that Google search trends for "Pest Control" remain elevated compared with historical levels, with unique visits to pest control websites up 23% in April from a year earlier.

RBC said that warmer and drier weather conditions in March and April have also likely increased pest activity, further supporting industry tailwinds.

For Rollins, analysts expect margin expansion into the high-20% range in Q2, driven by accelerating organic growth, normalization of insurance and claims expenses, and operating leverage from higher volumes.

RBC maintained its outperform rating and a $67 price target on the stock.

Price: 46.37, Change: +0.58, Percent Change: +1.27