Economic Overview - Volatility has returned to Wall Street, influenced by weak economic data and traditional seasonal trends, particularly in September, which is historically the worst month for stocks [1][5][6] - Recent economic indicators show an increase in the unemployment rate to 4.3% in July and a nonfarm payroll increase of only 142,000 in August, below the expected 161,000 [3][4] Stock Market Performance - The S&P 500 experienced a decline of 4.3% for the week, marking its worst performance since March 2023, while the Nasdaq fell 5.8%, its worst week since 2022 [4] - The two months leading up to the Presidential election have historically seen an average negative return of 5.8% for the S&P 500, with current volatility reflecting this trend [6] Investment Strategy - In light of current market conditions, a focus on low-beta consumer staples stocks is recommended, such as Carriage Services, Edgewell Personal Care, Ingredion, and Flowers Foods, which are expected to provide solid upside [2][7] Company Profiles Carriage Services, Inc. (CSV) - A leading provider of death care services in the U.S., offering a range of funeral and burial services [8] - Expected earnings growth rate of 6.9% for the current year, with a Zacks Consensus Estimate improvement of 3.5% over the last 60 days; current beta of 0.94 and dividend yield of 1.39% [9] Edgewell Personal Care Company (EPC) - Manufacturer of personal care products, including brands like Schick and Playtex [10] - Expected earnings growth rate of 17.2% for the current year, with a Zacks Consensus Estimate improvement of 2.7% over the last 60 days; current beta of 0.87 and dividend yield of 1.57% [11] Ingredion Incorporated (INGR) - Provider of ingredient solutions specializing in sweeteners and starches for various industries [13] - Expected earnings growth rate of 5.6% for the current year, with a Zacks Consensus Estimate improvement of 2.6% over the last 60 days; current beta of 0.73 and dividend yield of 2.31% [14] Flowers Foods, Inc. (FLO) - Focuses on high-quality baked goods and brand development [16] - Expected earnings growth rate of 4.2% for the current year, with a Zacks Consensus Estimate improvement of 1.6% over the last 60 days; current beta of 0.36 and dividend yield of 4.10% [17]

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Carriage Services (CSV) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question. Carriage Services is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 1 ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

Carriage Services (CSV) closed the last trading session at $31.33, gaining 2.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $39.67 indicates a 26.6% upside potential. The mean estimate comprises three short-term price targets with a standard deviation of $0.58. While the lowest estimate of $39 indicates a 24.5% increase from the current price level, the most optimistic analyst ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

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. Welcome to the Carriage Services Second Quarter 2024 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File Number: 1-11961 CARRIAGE SERVICES, INC. (Exact name of registrant as specified in its charter) Delaware 76-0423828 ( ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 18.87%. A quarter ago, it was expected that this provider of funeral and cemetary services and products would post earnings of $0.59 per share when it actually produced earnings of $0.75, delivering a surprise of ...

Exhibit 10.1 Execution Version FOURTH AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT THIS FOURTH AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this "Fourth Amendment"), dated as of July 31, 2024, is by and among CARRIAGE SERVICES, INC., a Delaware corporation (the "Borrower"), the Guarantors party hereto, the banks listed as Lenders on the signature pages hereof (the "Lenders"), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer (in said capacity as Ad ...

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the second quarter ended June 30, 2024. Company Highlights: A 31.1% increase in consolidated cemetery preneed sales, and an increase of 4.0% in consolidated funeral average, helped drive revenue of $102.3 million, representing growth of 4.8% over the prior-year quarter; GAAP diluted EPS of $0.40 and adjusted diluted EPS of $0.63, compared to $0.53 and $0.53 in the prioryear quarter, respe ...