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Earnings To Watch: Cintas (CTAS) Reports Q1 Results Tomorrow

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CTAS Cover Image

Uniform and facility services provider Cintas (NASDAQ: CTAS) will be reporting earnings tomorrow before market open. Here’s what to expect.

Cintas met analysts’ revenue expectations last quarter, reporting revenues of $2.56 billion, up 7.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates.

Is Cintas a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cintas’s revenue to grow 7.9% year on year to $2.6 billion, slowing from the 9.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Cintas Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has missed Wall Street’s revenue estimates three times over the last two years.

With Cintas being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for business services & supplies stocks. However, the whole sector has been hit hard over the last month as stocks in Cintas’s peer group are down 5.6% on average. Cintas is down 4.9% during the same time and is heading into earnings with an average analyst price target of $195.74 (compared to the current share price of $194.25).

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