Cintas Third Quarter 2024 Earnings: EPS Beats Expectations
Cintas (NASDAQ:CTAS) Third Quarter 2024 Results
Key Financial Results
Revenue: US$2.41b (up 9.9% from 3Q 2023).
Net income: US$397.6m (up 23% from 3Q 2023).
Profit margin: 17% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: US$3.92 (up from US$3.19 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cintas EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%.
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 8.0% from a week ago.
Valuation
Following the latest earnings results, Cintas may be overvalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
