For the quarter ended December 2023, Service Corp. (SCI) reported revenue of $1.06 billion, up 2.7% over the same period last year. EPS came in at $0.93, compared to $0.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.02 billion, representing a surprise of +3.50%. The company delivered an EPS surprise of +4.49%, with the consensus EPS estimate being $0.89.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Service Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable North America average revenue per funeral service: $5,622 versus the three-analyst average estimate of $5,616.61.
- Funeral services performed – North America: 90,459 versus 90,060 estimated by three analysts on average.
- Revenue North America- Cemetery – Atneed: $105.50 million versus the two-analyst average estimate of $108.30 million.
- Revenues- Funeral: $573.20 million versus the three-analyst average estimate of $573.36 million. The reported number represents a year-over-year change of -1.2%.
- Revenues- Cemetery: $482.60 million compared to the $452.52 million average estimate based on three analysts. The reported number represents a change of +7.8% year over year.
- Revenue- Cemetery- Other: $32.50 million versus $29.87 million estimated by two analysts on average.
- Revenue- Cemetery- Recognized Preneed Merchandise and Services: $95.90 million compared to the $88.15 million average estimate based on two analysts.
- Revenue- Cemetery- Recognized Preneed Property: $248.70 million versus the two-analyst average estimate of $226.27 million.
- Revenue- Cemetery- Core: $450.10 million versus $422.72 million estimated by two analysts on average.
- Gross profit- Funeral: $122.40 million versus $131.36 million estimated by three analysts on average.
- Gross profit- Cemetery: $165.20 million versus the three-analyst average estimate of $145.65 million.
View all Key Company Metrics for Service Corp. here>>>
Shares of Service Corp. have returned -1.5% over the past month versus the Zacks S&P 500 composite’s +5.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Service Corporation International (SCI) : Free Stock Analysis Report
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