Cintas (CTAS) Surpasses Q4 Earnings and Revenue Estimates

Company Performance - Cintas reported quarterly earnings of $3.99 per share, exceeding the Zacks Consensus Estimate of $3.80 per share, and showing an increase from $3.33 per share a year ago, representing an earnings surprise of 5% [5] - The company achieved revenues of $2.47 billion for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 0.23% and increasing from $2.28 billion year-over-year [13] - Over the last four quarters, Cintas has consistently surpassed consensus EPS estimates [6] Earnings Estimates and Outlook - The current consensus EPS estimate for the upcoming quarter is $3.98 on revenues of $2.49 billion, and for the current fiscal year, it is $16.40 on revenues of $10.25 billion [2] - The estimate revisions trend for Cintas is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [10] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [7] Industry Context - Cintas belongs to the Zacks Uniform and Related industry, which is currently ranked in the top 8% of over 250 Zacks industries, suggesting a strong industry outlook [11] - The broader Zacks Industrial Products sector includes Terex, which is expected to report revenues of $1.4 billion, a decrease of 0.3% from the previous year [4]