Rollins plunges after Q2 revenue, profit miss

As of the last close, the stock was down about 28% year to date.

"While we are admittedly disappointed by what is now three consecutive quarters of weaker-than-expected organic growth, we believe expectations were already muted heading into the quarter given the stock's YTD performance and valuation relative to historical levels," Jefferies said.

RBC cut its rating on the company to "sector perform" from "outperform" and lowered its price target to $40 from $52 after the results.

Shares of pest control firm Rollins ROL.N were down 17% at $35.95 in premarket trading after the company missed second-quarter revenue and profit estimates on Wednesday.

The company said weak consumer spending on pest control services amid macroeconomic uncertainty hurt results.

Rollins reported quarterly revenue of $1.08 billion, compared with estimates of , and adjusted earnings per share of , missing estimates of , according to LSEG.