Carriage Services Q3 adjusted EPS $0.59 vs. IBES estimate of $0.81
CSV•Carriage Services reported Q3 adjusted EPS of $0.59, revenue of $100.3 million and adjusted EBITDA of $27.7 million, all below IBES estimates. It forecast full-year adjusted EBITDA of $125 million to $130 million, revenue of $415 million to $420 million and adjusted EPS of $2.90 to $3.05, below estimates.
1. Quarterly results and outlook
Carriage Services reported Q3 net income of $8.9 million, EPS of $0.56 and an adjusted EBITDA margin of 27.6%. Its full-year outlook was below IBES estimates for adjusted EBITDA, revenue and adjusted EPS.
