CSV Earnings Prediction
The chart below shows how CSV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CSV sees a -4.17% change in stock price 10 days leading up to the earnings, and a -2.95% change 10 days following the report. On the earnings day itself, the stock moves by -0.08%. This data can give you a slight idea of what to expect for the next quarter's release.
CSV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
100.69M
11.26%
-1.59%
Gross Margin
36.75%
15.38%
-2.21%
Operating Margin
23.13%
29.94%
28.64%
Net Margin
9.80%
91.03%
60.13%
EPS
0.63
110.00%
57.50%
No Data Available
CSV Earnings Analysis
Carriage Services, Inc. Corporation (CSV.N) Earnings Conference Call
Positive
Q3 Revenue Surge: 1. Strong Revenue Growth: Carriage Services reported total revenue of $100.7 million for Q3 2024, an increase of $10.2 million or 11.3% year-over-year, marking the third consecutive quarter surpassing $100 million in revenue.
Preneed Cemetery Sales Surge: 2. Significant Increase in Preneed Cemetery Sales: Preneed cemetery sales reached $33 million, up by $8.7 million or 35.7% compared to the same quarter last year, demonstrating the effectiveness of the company's sales strategies.
Adjusted EBITDA Growth: 3. Improved Adjusted Consolidated EBITDA: Adjusted consolidated EBITDA for Q3 2024 was $30.7 million, reflecting a $6.5 million increase or 26.7% from the prior year, with an adjusted EBITDA margin of 30.5%, up 370 basis points year-over-year.
Adjusted Diluted EPS Surge: 4. Substantial Growth in Adjusted Diluted EPS: The adjusted diluted EPS for Q3 2024 was $0.64, an increase of $0.31 or 93.9% compared to the same quarter last year, showcasing strong earnings performance.
Debt Reduction Strategy: 5. Debt Reduction and Improved Leverage Ratio: The company paid down $15 million in debt during the quarter, reducing its leverage ratio to 4.3x from 5.3x a year ago, highlighting its commitment to disciplined capital allocation.
Negative
Cash Flow Decrease: 1. Decline in Cash Flow: Cash provided by operating activities decreased by $1.9 million to $20.8 million compared to $22.7 million in the prior year quarter.
Overhead Cost Increase: 2. Increased Overhead Costs: Overhead costs rose to $14.2 million, an increase of $1.3 million from the prior year quarter, primarily due to Project Trinity expenses.
Decline in Free Cash Flow: 3. Lower Adjusted Free Cash Flow: Adjusted free cash flow for Q3 2024 was $20 million, down $1.4 million from $21.4 million in the prior year quarter, attributed to a shift in revenue mix and additional expenses.
High Leverage Ratio Concerns: 4. Leverage Ratio Concerns: The leverage ratio remains high at 4.3x, which, while improved from 5.3x, still indicates significant debt levels that could impact financial flexibility.
Declining Funeral Home Volume: 5. Negative Volume Trends: Total funeral home contract volume declined by 1.2%, with expectations of continued volume declines into Q4, raising concerns about future revenue stability.
CSV FAQs
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CSV Earning Call Sentiment
Carriage Services, Inc. (CSV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CSV.N
-1.56%Positive
The company reported strong financial performance with significant increases in revenue, EBITDA, and EPS, along with improved margins. Despite some concerns about Q4 revenue and vague management responses, the overall sentiment is positive. The increased guidance for revenue and EBITDA, combined with a substantial debt reduction, supports a strong positive outlook. Additionally, sustainable preneed cemetery sales and a favorable M&A market further enhance the positive sentiment. The stock is likely to experience a strong positive movement over the next two weeks.