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The headline numbers for Service Corp. (SCI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Service Corp. (SCI) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.68 per share a year ago.
HOUSTON , Oct. 18, 2023 /PRNewswire/ -- Service Corporation International (NYSE: SCI) announced it expects to issue a press release with financial results for the third quarter 2023 on Wednesday, November 1, 2023. A conference call will be hosted by SCI Management on Thursday, November 2, 2023.
Service Corp (SCI) bears the brunt of a tough industry backdrop, escalating operating costs and expenses, and a high debt level.
Service Corporation (SCI) grapples with a tough industry backdrop, escalating operating costs and expenses, and a high debt level.
Although the revenue and EPS for Service Corp. (SCI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Service Corporation's (SCI) second-quarter 2023 earnings fell from the year-ago quarter's level on rising interest costs. Nevertheless, total revenues increased from the year-ago quarter's level.
Service Corp. (SCI) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.84 per share a year ago.
Service Corp's (SCI) second-quarter 2023 performance is likely to have been affected by inflationary pressure. Strength in the preened cemetery sales has been an upside.
Service Corporation International, a funeral home and cemetery operator, has seen a dip in share prices and financial performance due to a decrease in demand for its services as the COVID-19 pandemic subsides. The company's revenue declined by 7.5% to $1.03 billion, with net income dropping from $219.5 million to $144.8 million. The decline was driven by a decrease in the number of services performed and higher maintenance costs. Despite recent setbacks, the company is expected to benefit from a growing and aging population in the long run.