Service Corp. (SCI) Reports Q3 Earnings: What Key Metrics Have to Say

Financial Performance - For the quarter ended September 2024, Service Corp. reported revenue of $1.01 billion, reflecting a year-over-year increase of 1.2% [1] - Earnings per share (EPS) for the quarter was $0.79, slightly up from $0.78 in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate of $1.01 billion, resulting in a surprise of +0.16% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.79 [1] Key Metrics - Total comparable funeral average revenue per service was $5,669, slightly below the two-analyst average estimate of $5,683.42 [3] - Funeral services performed totaled 85,743, exceeding the average estimate of 84,223 based on two analysts [3] - Cemetery revenues reached $448 million, compared to the three-analyst average estimate of $455.50 million, representing a year-over-year change of +0.2% [3] - Funeral revenues amounted to $566 million, surpassing the three-analyst average estimate of $556.86 million, with a year-over-year change of +2% [3] - Gross profit from funeral services was $107.90 million, exceeding the average estimate of $104.04 million [3] - Gross profit from cemetery services was $144.80 million, below the average estimate of $149.38 million [3] Stock Performance - Shares of Service Corp. have returned -2.4% over the past month, while the Zacks S&P 500 composite has increased by +1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]