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All You Need to Know About Carriage Services (CSV) Rating Upgrade to Strong Buy
ZACKS· 2025-10-03 17:01
Core Viewpoint - Carriage Services (CSV) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][4]. - Rising earnings estimates for Carriage Services suggest an improvement in the company's underlying business, likely resulting in higher stock prices as investors respond positively [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10]. Recent Performance of Carriage Services - For the fiscal year ending December 2025, Carriage Services is expected to earn $3.27 per share, with a 3.3% increase in the Zacks Consensus Estimate over the past three months [8].
Carriage Services (CSV) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-05-05 17:05
Core Viewpoint - Carriage Services (CSV) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - For the fiscal year ending December 2025, Carriage Services is projected to earn $3.21 per share, reflecting a 21.1% increase from the previous year, with a 13.8% rise in the Zacks Consensus Estimate over the past three months [8]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4][5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Carriage Services' upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].