The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This uniform rental company is expected to post quarterly earnings of $3.80 per share in its upcoming report, which represents a year-over-year change of +14.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the co ...

Cintas Corporation (CTAS) is well poised for growth, courtesy of strength across its business, strategic acquisitions and focus on improving the product line and operational excellence. Image Source: Zacks Investment Research Let's delve into the factors that have been aiding the firm for a while now. Given the strength across its businesses, management expects revenues in the range of $9.57-$9.60 billion in fiscal 2024, indicating growth of 8.7% at the mid-point from the year-ago levels. Business Initiativ ...

Cintas is one of 222 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Another stock in the Industrial Products sector, Eaton (ETN) , has outperformed the sector so far this year. The stock's year-to-date return is 36.4%. Cintas and Eaton could continue their solid performance, so inve ...

kali9/E+ via Getty Images One limitation of the accounting profit that is presented in an income statement is that it does not reflect the opportunity cost of the profit. For debt, the income statement reflects interest expense, which is the cost of securing debt financing for the business. There is no such item on the income statement to reflect equity financing. Instead, it is assumed that whatever is left over after paying expenses is sufficient to compensate equity investors for providing capital to the ...

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Cintas (CTAS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings ...

Cintas Corporation (CTAS) has been benefiting from strength in its Uniform Rental and Facility Services segment, driven by strong demand in the energy market. The segment's revenues rose 9.4% year over year in the fiscal third quarter (ended February 2024). Strong demand for its products and services, pricing actions and robust customer retention have been boosting the First Aid and Safety Services segment's performance. Revenues from the segment climbed 13.4% year over year in the fiscal third quarter. Giv ...

Nvidia[ticker symb=NVDA] and JPMorgan Chase (JPM) lead this weekend's watch list of five stocks near buy points entering a pivotal stretch for the S&P 500. Along with AI chip leader NVDA and banking behemoth JPM, the list includes enterprise data storage firm Pure Storage (PSTG), work supplies and uniform provider Cintas (CTAS) and homebuilder PulteGroup (PHM).X Nvidia is part of the IBD Leaderboard portfolio of elite stocks. The flagship IBD 50 list of leading growth stocks includes both NVDA and CTAS. Cin ...

Cintas (CTAS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CTAS crossed above the 20-day moving average, suggesting a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.The 2 ...

Cintas Corporation (CTAS) recently partnered with Google Cloud to develop a Generative AI (gen AI) Powered Knowledge Center to strengthen its digital transformation, which is already in progress.Per the deal, Google Cloud's gen AI platform-Vertex AI will be utilized by CTAS to build the knowledge center, i.e., its own gen AI-powered search engines to empower the company’s employees. With the help of the gen AI-powered search engines, the employees and partners will be able to easily access a big set of CTAS ...