We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cintas (CTAS) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
In its upcoming report, Cintas (CTAS - Free Report) 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.
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 >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cintas (CTAS) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, Cintas (CTAS - Free Report) 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 >>>> .