Overview
Service Corp Q3 revenue grows 4.4% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q3 beats consensus, growing 10% over prior year
Company raises 2025 cash flow guidance, indicating confidence in operational performance
Outlook
Service Corporation raises 2025 cash flow guidance to $910 mln-$950 mln
Company confirms 2025 EPS midpoint, narrows range to $3.80-$3.90
Service Corporation expects 2025 EPS growth within 8%-12% framework
Result Drivers
CEMETERY SALES - Strong performance in cemetery segment led by 9.6% increase in preneed sales production, driving cemetery revenue growth
FUNERAL SALES MIX - Increase in funeral sales average offset by decline in services performed
NON-FUNERAL HOME SALES - Non-funeral home sales average grew 13.4%, contributing positively despite fewer services performed
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.05 bln | $1.04 bln (5 Analysts) |
Q3 Adjusted EPS | Beat | $0.87 | $0.83 (5 Analysts) |
Q3 EPS | $0.83 | ||
Q3 Net Income | $117.50 mln | ||
Q3 Operating Income | $226.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal services peer group is "buy"
Wall Street's median 12-month price target for Service Corporation International is $93.00, about 13.1% above its October 28 closing price of $80.84
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nPn1RHv3ba
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)