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Cintas (CTAS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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Cintas (CTAS - Free Report) reported $2.28 billion in revenue for the quarter ended May 2023, representing a year-over-year increase of 10.1%. EPS of $3.33 for the same period compares to $2.81 a year ago.
The reported revenue represents a surprise of +1.65% over the Zacks Consensus Estimate of $2.25 billion. With the consensus EPS estimate being $3.19, the EPS surprise was +4.39%.
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 Cintas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- First Aid and Safety Services: $249.76 million versus the five-analyst average estimate of $231.91 million. The reported number represents a year-over-year change of +14.5%.
Revenue- All Other: $261.51 million compared to the $253.69 million average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
Revenue- Uniform Rental and Facility Services: $1.77 billion compared to the $1.76 billion average estimate based on five analysts. The reported number represents a change of +8.8% year over year.
Income before income taxes- Uniform Rental and Facility Services: $384.90 million compared to the $369.44 million average estimate based on five analysts.
Income before income taxes- First Aid and Safety Services: $47.08 million versus $46.29 million estimated by five analysts on average.
Income before income taxes- All Other: $38.82 million versus the five-analyst average estimate of $40.65 million.
Income before income taxes- Corporate: -$24.93 million versus -$27.53 million estimated by three analysts on average.
Shares of Cintas have returned +1.4% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Cintas (CTAS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Cintas (CTAS - Free Report) reported $2.28 billion in revenue for the quarter ended May 2023, representing a year-over-year increase of 10.1%. EPS of $3.33 for the same period compares to $2.81 a year ago.
The reported revenue represents a surprise of +1.65% over the Zacks Consensus Estimate of $2.25 billion. With the consensus EPS estimate being $3.19, the EPS surprise was +4.39%.
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 Cintas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- First Aid and Safety Services: $249.76 million versus the five-analyst average estimate of $231.91 million. The reported number represents a year-over-year change of +14.5%.
- Revenue- All Other: $261.51 million compared to the $253.69 million average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
- Revenue- Uniform Rental and Facility Services: $1.77 billion compared to the $1.76 billion average estimate based on five analysts. The reported number represents a change of +8.8% year over year.
- Income before income taxes- Uniform Rental and Facility Services: $384.90 million compared to the $369.44 million average estimate based on five analysts.
- Income before income taxes- First Aid and Safety Services: $47.08 million versus $46.29 million estimated by five analysts on average.
- Income before income taxes- All Other: $38.82 million versus the five-analyst average estimate of $40.65 million.
- Income before income taxes- Corporate: -$24.93 million versus -$27.53 million estimated by three analysts on average.
View all Key Company Metrics for Cintas here>>>Shares of Cintas have returned +1.4% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.