Cintas (CTAS) Reports Earnings Tomorrow: What To Expect

Uniform and facility services provider Cintas (NASDAQ:CTAS) will be announcing earnings results this Wednesday morning. Here’s what investors should know.

Cintas beat analysts’ revenue expectations last quarter, reporting revenues of $2.8 billion, up 9.3% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ revenue estimates.

Is Cintas a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Cintas’s revenue to grow 8.1% year on year, in line with the 8.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has a history of exceeding Wall Street’s expectations.

With Cintas being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for business services & supplies stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Cintas is down 8.3% during the same time .

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