In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $1.20 per share, reflecting an increase of 10.1% compared to the same period last year. Revenues are forecasted to be $2.76 billion, representing a year-over-year increase of 7.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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.
That said, let's delve into the average estimates of some Cintas metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Uniform Rental and Facility Services' at $2.13 billion. The estimate points to a change of +7.1% from the year-ago quarter.
Analysts predict that the 'Revenue- Other' will reach $628.33 million. The estimate points to a change of +10% from the year-ago quarter.
Analysts expect 'Revenue- All Other' to come in at $290.09 million. The estimate indicates a year-over-year change of +6.7%.
The consensus estimate for 'Revenue- First Aid and Safety Services' stands at $339.30 million. The estimate points to a change of +13.3% from the year-ago quarter.
Analysts' assessment points toward 'Operating income- Uniform Rental and Facility Services' reaching $512.05 million. Compared to the current estimate, the company reported $472.36 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating income- First Aid and Safety Services' will reach $83.16 million. Compared to the present estimate, the company reported $75.22 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating income- All Other' of $42.52 million. Compared to the current estimate, the company reported $43.81 million in the same quarter of the previous year.
View all Key Company Metrics for Cintas here>>>
Over the past month, Cintas shares have recorded returns of +0.4% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), CTAS will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Cintas Corporation (CTAS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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