TEX - Cintas Surpasses Q4 Earnings and Revenue Estimates | Benzinga
Cintas (NASDAQ: CTAS) came out with quarterly earnings of $3.99 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $3.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this uniform rental company would post earnings of $3.56 per share when it actually produced earnings of $3.84, delivering a surprise of 7.87%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cintas, which belongs to the Zacks Uniform and Related industry, posted revenues of $2.47 billion for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $2.28 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Cintas shares ...