Carriage Services Misses Q1 Revenue, EPS Estimates But Lifts Full-Year Outlook
summarizeSummary
Carriage Services reported Q1 revenue of $106.10 million, missing analyst estimates of $111.90 million, and adjusted EPS of $0.86, below the $0.88 consensus. Adjusted EBITDA also missed expectations. Despite the Q1 misses, the company raised its full-year 2026 guidance, now expecting total revenue of $440 million to $450 million, adjusted consolidated EBITDA of $135 million to $140 million, and adjusted diluted EPS of $3.35 to $3.55. This mixed financial update, combining immediate underperformance with increased future confidence, presents a complex picture for investors. The company also announced a $100 million At-The-Market (ATM) equity offering, which was previously disclosed in a 424B5 filing earlier today, adding a potential dilutive element. Traders will be closely watching how the company plans to achieve its elevated full-year targets and the market's reaction to the ATM offering.
At the time of this announcement, CSV was trading at $45.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $738.6M. The 52-week trading range was $39.38 to $52.10. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.