Service Corp International Analysts Boost Their Forecasts After Upbeat Earnings

Core Viewpoint - Service Corp International reported better-than-expected third-quarter adjusted EPS results, although quarterly sales slightly missed analyst expectations [1][2]. Financial Performance - The company reported adjusted earnings per share of $0.79, exceeding the analyst consensus estimate of $0.77 [1][2]. - Quarterly sales amounted to $1.014 billion, which was below the analyst consensus estimate of $1.016 billion [1]. - Net cash provided by operating activities, excluding special items, was $269 million [2]. Future Outlook - Service Corp International anticipates a fourth-quarter adjusted loss of $1.00 to $1.10 per share, contrasting with estimates of a $0.77 per share loss [2]. Market Reaction - Following the earnings announcement, Service Corp International shares increased by 0.2%, trading at $81.79 [3]. - Analysts adjusted their price targets for the stock, with Raymond James raising it from $80 to $85 and Truist Securities increasing it from $84 to $92 [3].