Rentokil's Trading Update Likely to Prompt Heavy Cuts to EPS Consensus -- Market Talk
Dow Jones
Sep 11, 2024
0733 GMT - Rentokil's unscheduled performance update, which flagged weaker organic revenue growth in North America, Terminix integration disruption and higher costs, will likely lead to double-digit downgrades to earnings per share consensus, Bernstein analyst Will Kirkness writes in a research note. The London-listed pest services company's higher costs come from staffing up in service and sales for a better peak period than transpired, more overtime and higher spending on materials and consumables,Kirkness says. Shares are down 17% at 394.40 pence. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
September 11, 2024 03:33 ET (07:33 GMT)
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