Carriage Services (CSV, Financial) reported its first-quarter revenue at $107.1 million, surpassing market expectations of $104.17 million. The company's financial success is underscored by a 4.6% rise in comparable funeral home revenue. This growth was primarily fueled by a 2.4% increase in funeral home at-need volume, alongside a 2.2% rise in average revenue per at-need contract.
The firm achieved an adjusted diluted earnings per share of $0.96, marking a significant 28% increase, or $0.21 per share, compared to the previous period. The company attributes this success to strategic execution, investments in innovation, strengthening of key partnerships, and employee empowerment. Carriage Services is committed to transforming into a premier experience company, demonstrating that operational excellence and financial discipline can drive shareholder value.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Carriage Services Inc (CSV, Financial) is $51.25 with a high estimate of $55.00 and a low estimate of $48.00. The average target implies an upside of 28.25% from the current price of $39.96. More detailed estimate data can be found on the Carriage Services Inc (CSV) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Carriage Services Inc's (CSV, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Carriage Services Inc (CSV, Financial) in one year is $33.35, suggesting a downside of 16.54% from the current price of $39.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Carriage Services Inc (CSV) Summary page.
