Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Neharika Jain

Here's What to Expect From Cintas' Next Earnings Report

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. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.