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Funeral Stocks Earnings Slated for this Week: SCI, MATW
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The uncertainty surrounding Brexit not only led to market volatility but shattered investors’ confidence in the last quarter. Per the latest earnings preview report, as of Jul 22, Q2 results have been a tad bit better than the extremely weak levels in the last couple of quarters. However, growth is still not visible, with Q2 on track to be the fifth consecutive quarter of earnings decline for the S&P 500 index.
Out of the 126 S&P 500 members that have come up with their quarterly numbers, approximately 70.6% have posted positive earnings surprises, while 55.6% have surpassed revenue expectations. However, earnings for these companies are down 1.1% from the same period last year, while revenues have increased 2.6%.
The performance of the Consumer Staples space hasn’t been that impressive so far. As of Jul 22, 19.4% of the total S&P 500 companies in this sector have reported their results. Of these, 66.7% delivered an earnings beat and about 50% came in ahead of revenue expectations. However, earnings and revenues declined 2.6% and 6.2%, respectively.
As per the forecasts, total earnings for the Consumer Staples sector are expected to drop 3.7% whereas revenues are anticipated to increase 0.2%.
Though it may sound unpleasant, the Funeral Services industry is stable. This is because death is the only certainty in life.
The industry is a pretty small one, with just five firms in it, and none of them are exactly megacaps. Still, it is big enough for investors to put their money on. The funeral services industry currently holds a Zacks Industry Rank of 177 among the 260 plus industries we track.
Let us have a look at some funeral services stocks whose releases are scheduled in the next few days.
Service Corp. (SCI - Free Report) , the largest provider of funeral and cemetery services in the world, is scheduled to report second-quarter 2016 on Jul 27. It has an Earnings ESP of +3.45% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for second quarter earnings is pegged at 29 cents per share. The company has delivered an average negative earnings surprise of 0.86% in the trailing four quarters.
Matthews International Corporation (MATW - Free Report) is slated to release third-quarter fiscal 2016 (ending June) results on Jul 28. It has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for third quarter earnings is pegged at 90 cents. This manufacturer of memorialization products & brand solutions has posted an average positive surprise of 8.48% in the trailing four quarters.
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Funeral Stocks Earnings Slated for this Week: SCI, MATW
The uncertainty surrounding Brexit not only led to market volatility but shattered investors’ confidence in the last quarter. Per the latest earnings preview report, as of Jul 22, Q2 results have been a tad bit better than the extremely weak levels in the last couple of quarters. However, growth is still not visible, with Q2 on track to be the fifth consecutive quarter of earnings decline for the S&P 500 index.
Out of the 126 S&P 500 members that have come up with their quarterly numbers, approximately 70.6% have posted positive earnings surprises, while 55.6% have surpassed revenue expectations. However, earnings for these companies are down 1.1% from the same period last year, while revenues have increased 2.6%.
The performance of the Consumer Staples space hasn’t been that impressive so far. As of Jul 22, 19.4% of the total S&P 500 companies in this sector have reported their results. Of these, 66.7% delivered an earnings beat and about 50% came in ahead of revenue expectations. However, earnings and revenues declined 2.6% and 6.2%, respectively.
As per the forecasts, total earnings for the Consumer Staples sector are expected to drop 3.7% whereas revenues are anticipated to increase 0.2%.
Though it may sound unpleasant, the Funeral Services industry is stable. This is because death is the only certainty in life.
The industry is a pretty small one, with just five firms in it, and none of them are exactly megacaps. Still, it is big enough for investors to put their money on. The funeral services industry currently holds a Zacks Industry Rank of 177 among the 260 plus industries we track.
Let us have a look at some funeral services stocks whose releases are scheduled in the next few days.
Service Corp. (SCI - Free Report) , the largest provider of funeral and cemetery services in the world, is scheduled to report second-quarter 2016 on Jul 27. It has an Earnings ESP of +3.45% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for second quarter earnings is pegged at 29 cents per share. The company has delivered an average negative earnings surprise of 0.86% in the trailing four quarters.
SERVICE CORP IN Price and EPS Surprise
SERVICE CORP IN Price and EPS Surprise | SERVICE CORP IN Quote
Matthews International Corporation (MATW - Free Report) is slated to release third-quarter fiscal 2016 (ending June) results on Jul 28. It has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for third quarter earnings is pegged at 90 cents. This manufacturer of memorialization products & brand solutions has posted an average positive surprise of 8.48% in the trailing four quarters.
MATTHEWS INTL-A Price and EPS Surprise
MATTHEWS INTL-A Price and EPS Surprise | MATTHEWS INTL-A Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>