Carriage Services Forecasts 6.1% Q4 Revenue Growth After Q3 $102.7M Beat
Carriage Services posted Q3 revenue of $102.7M, up 2% year-on-year, but its full-year EBITDA guidance narrowly missed analyst forecasts. Analysts expect Q4 revenue to grow 6.1% year-on-year after a 1.1% decline last year, with shares outperforming peers by rising 2.9% versus a 2.9% sector drop.
1. Q3 Results and EBITDA Guidance
Carriage Services reported Q3 revenue of $102.7 million, representing a 2% year-on-year increase and slightly surpassing analyst expectations. However, the company’s full-year EBITDA guidance fell just below consensus, highlighting potential margin pressures heading into the next fiscal period.
2. Q4 Revenue Outlook
For Q4, analysts project revenue growth of 6.1% year-on-year, a reversal from the 1.1% decline recorded in the same period last year. Consensus estimates have remained stable over the past 30 days, indicating broad agreement on a top-line recovery.
3. Sector Peers and Stock Performance
In the specialized consumer services segment, 1-800-FLOWERS reported a 9.5% revenue drop and Matthews saw a 29.1% decline, both meeting estimates, while their share prices reacted modestly. Carriage Services shares have climbed 2.9% over the past month versus a 2.9% average sector decline, with analysts maintaining an average $60 price target.