Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Carriage Services (CSV)
NYSE:CSV
Holding CSV?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.52Last Year’s EPS
$0.77Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 24.32%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue and EBITDA growth, alongside a reduction in leverage ratio and increased EPS. However, there were some challenges, such as a decline in cash flow and increased overhead costs. The company raised its full-year guidance, indicating confidence in its future outlook.Company Guidance
During Carriage Services' third quarter 2024 earnings call, the company announced an increase in its full-year guidance, reflecting strong financial performance driven by strategic initiatives. Key metrics included a total revenue of $100.7 million, marking an 11.3% increase from the previous year, and a preneed cemetery sales surge of 27.1% to $22.9 million. Cemetery operating revenue climbed to $33 million, and total cemetery field EBITDA rose to $15.9 million, with a margin of 48.1%. Adjusted consolidated EBITDA increased by 26.7% to $30.7 million, and the adjusted consolidated EBITDA margin improved by 370 basis points to 30.5%. The company raised its revenue guidance for 2024 to $395 million-$405 million, with adjusted consolidated EBITDA expected between $120 million and $125 million, and adjusted diluted EPS projected at $2.45-$2.55.Revenue Growth
Total revenue for Q3 2024 was $100.7 million, a significant increase of $10.2 million or 11.3% compared to the same quarter last year.
Preneed Cemetery Sales Increase
Preneed cemetery sales grew by $4.9 million to $22.9 million, marking a 27.1% increase year-over-year.
Adjusted Consolidated EBITDA Growth
Adjusted consolidated EBITDA for the third quarter was $30.7 million, an increase of $6.5 million or 26.7% over the prior year quarter.
Reduction in Leverage Ratio
The leverage ratio was reduced to 4.3x from 5.3x in Q3 2023, reflecting disciplined capital allocation and strong performance.
Adjusted Diluted EPS Increase
Adjusted diluted EPS for Q3 2024 was $0.64, up by $0.31 or 93.9% compared to the prior year quarter.
Guidance Raise for 2024
2024 guidance was raised, with expected total revenue in the range of $395 million to $405 million, and adjusted consolidated EBITDA of $120 million to $125 million.
---
CSV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $32.56 | $37.28 | +14.50% |
| Jul 31, 2024 | $31.85 | $32.17 | +1.00% |
| May 01, 2024 | $25.52 | $25.37 | -0.59% |
| Feb 21, 2024 | $24.80 | $25.30 | +2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Carriage Services (CSV) report earnings?
Carriage Services (CSV) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Carriage Services (CSV) earnings time?
Carriage Services (CSV) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSV EPS forecast?
CSV EPS forecast for the fiscal quarter 2024 (Q4) is $0.52.
---