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 ...

Core Insights - Carriage Services, Inc. reported a revenue of $102.3 million for Q2 2024, reflecting a 4.8% increase year-over-year, driven by a 31.1% rise in consolidated cemetery preneed sales and a 4.0% increase in average funeral revenue per contract [2][3][9] - The company adjusted its 2024 revenue guidance to a range of $390-$400 million, with adjusted consolidated EBITDA projected between $117-$123 million and adjusted diluted EPS between $2.30-$2.40 [2][10] Financial Performance - Total revenue for Q2 2024 was $102.3 million, up from $97.7 million in Q2 2023, with a notable increase in preneed interment rights sold by 23.2% and a 12.8% rise in average price per preneed interment right [9] - Net income for Q2 2024 decreased to $6.3 million from $8.3 million in Q2 2023, attributed to increased general and administrative expenses, including one-time costs related to executive severance [7][9] - Adjusted diluted EPS rose by 18.9% to $0.63 compared to $0.53 in the prior year [5][9] Operational Highlights - The preneed funeral sales strategy saw a significant 251% increase in commissions income, reaching $1.4 million compared to $406 thousand in the prior-year quarter [4] - Total Field EBITDA margins improved to 46.1%, up from 41.7% in the prior-year quarter, reflecting effective cost management [4][7] - The company experienced a 6.6% decrease in funeral contract volume, which was partially offset by a 4.0% increase in average revenue per funeral contract [9] Guidance and Outlook - The company has increased its 2024 revenue guidance from a previous range of $380-$390 million to $390-$400 million, indicating confidence in continued growth [10] - Adjusted free cash flow guidance remains stable at $55-$65 million, suggesting a focus on maintaining cash generation despite fluctuations in revenue [2][10] Market Position - Carriage Services continues to execute its five-year strategic objectives, which have contributed to solid performance and revenue growth in the cemetery and funeral segments [3][6] - The company is optimistic about maintaining consistent trends for the remainder of the year, despite anticipated small declines in funeral volume due to historical seasonality [6]

HOUSTON, July 17, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors on July 17, 2024 declared a quarterly dividend of 11.25¢ per share payable on September 3, 2024 to common share record holders as of August 5, 2024. Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage Services operates 164 funeral homes in 26 states and 31 cemeteries in 11 states. For more information, please email Inve ...