Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Low-beta consumer staples stocks like CSV, EPC, INGR and FLO are a safe bet during times of market volatility.
Here is how Carriage Services (CSV) and Philip Morris (PM) have performed compared to their sector so far this year.
Carriage Services (CSV) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.6% in Carriage Services (CSV). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Carriage Services (CSV) and Philip Morris (PM) have performed compared to their sector so far this year.
The mean of analysts' price targets for Carriage Services (CSV) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Carriage Services, Inc (NYSE:CSV ) Q2 2024 Results Conference Call August 1, 2024 10:30 AM ET Company Participants Steve Metzger - President Carlos Quezada - Chief Executive Officer and Vice Chairman of the Board of Directors Kathryn Shanley - Chief Accounting Officer Conference Call Participants Alex Paris - Barrington Research Liam Burke - B. Riley John Franzreb - Sidoti & Company George Kelly - ROTH MKM Operator Good day, and thank you for standing by.
Carriage Services (CSV) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.53 per share a year ago.
Carriage is undervalued due to at-a-glance impressions of high leverage and a one-time decline in revenue. At a closer look, the Company's debt has favorable terms and is being paid down in large amounts with excess cash flow. Industry experts support CSV's potential and valuation, with a private valuation indicating the stock price should be almost double the current price.