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What Analyst Projections for Key Metrics Reveal About Cintas (CTAS) Q1 Earnings
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The upcoming report from Cintas (CTAS - Free Report) is expected to reveal quarterly earnings of $1.19 per share, indicating an increase of 8.2% compared to the year-ago period. Analysts forecast revenues of $2.69 billion, representing an increase of 7.7% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Cintas metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Uniform Rental and Facility Services' of $2.07 billion. The estimate suggests a change of +6.8% year over year.
It is projected by analysts that the 'Revenue- Other' will reach $624.15 million. The estimate points to a change of +9.9% from the year-ago quarter.
Analysts expect 'Revenue- All Other' to come in at $294.27 million. The estimate indicates a change of +6.9% from the prior-year quarter.
The consensus among analysts is that 'Revenue- First Aid and Safety Services' will reach $329.18 million. The estimate indicates a change of +12.5% from the prior-year quarter.
Shares of Cintas have demonstrated returns of -7.7% over the past month compared to the Zacks S&P 500 composite's +3% change. With a Zacks Rank #2 (Buy), CTAS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Cintas (CTAS) Q1 Earnings
The upcoming report from Cintas (CTAS - Free Report) is expected to reveal quarterly earnings of $1.19 per share, indicating an increase of 8.2% compared to the year-ago period. Analysts forecast revenues of $2.69 billion, representing an increase of 7.7% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Cintas metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Uniform Rental and Facility Services' of $2.07 billion. The estimate suggests a change of +6.8% year over year.
It is projected by analysts that the 'Revenue- Other' will reach $624.15 million. The estimate points to a change of +9.9% from the year-ago quarter.
Analysts expect 'Revenue- All Other' to come in at $294.27 million. The estimate indicates a change of +6.9% from the prior-year quarter.
The consensus among analysts is that 'Revenue- First Aid and Safety Services' will reach $329.18 million. The estimate indicates a change of +12.5% from the prior-year quarter.
View all Key Company Metrics for Cintas here>>>Shares of Cintas have demonstrated returns of -7.7% over the past month compared to the Zacks S&P 500 composite's +3% change. With a Zacks Rank #2 (Buy), CTAS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .