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Valued at a market cap of $84.1 billion, Cintas Corporation (CTAS) rents and services uniforms and other garments, including flame-resistant clothing, and provides ancillary items and restroom cleaning services and supplies. The Cincinnati, Ohio-based company also offers first aid and safety services, as well as fire protection products and services. It is expected to announce its fiscal Q2 earnings results on Thursday, Dec. 19.
Ahead of this event, analysts project the uniforms and work apparel company to report a profit of $1.01 per share, up 12.2% from $0.90 per share in the year-ago quarter. The company has a solid track record of consistently beating Wall Street's bottom-line estimates in each of the last four quarters. The company’s adjusted earnings of $1.10 per share in the most recent quarter outpaced the consensus estimates by 10% and delivered a notable 18.3% year-over-year increase. The results were primarily driven by robust revenue growth, continued margin expansion, and strong cash generation.