Revenue Surpasses While EPS Falls Short of Analyst Projections
Carriage Services (CSV) delivered earnings and revenue surprises of 27.12% and 5.42%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Conference call on Thursday, May 2, 2024 at 9:30 a.m. central timeHOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2024. Company Highlights: Total revenue of $103.5 million led to growth of 8.4% over the prior-year quarter, primarily driven by a 38.4% increase in cemetery preneed sales;GAAP diluted EPS of $0.45 and Adjusted diluted EPS of $0.75, compared to $0.57 and $0.56 in the prior-year q