Home Earnings Preview Cintas Corporation ($CTAS) 2Q21 Earnings Preview

Cintas Corporation ($CTAS) 2Q21 Earnings Preview

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Cintas Corporation (NASDAQ:CTAS) provider of corporate identity uniforms and services, is expected to report second quarter earnings results, before market open, on Tuesday 22nd December 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.18 per share.

Looking ahead, the full year income are expected at $ 8.96 per share on the revenues of $ 7077.72 million.

The Company Outlook

Earnings for 2Q21 are anticipated in a range of $ 2.00 ~ $ 2.20 per share, while revenues are expected in a range of $ 1,725.00 million ~ $ 1,750.00 million

Click Here For More Historical Outlooks Of Cintas Corporation

Previous Quarter Performance

Cintas Corporation unveiled income for the first quarter of $ 2.78 per share, from the revenue of $ 1,747.00 million. The quarterly earnings elevated 19.83 percent while revenues declined 3.53 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.13 per share from $ 1700.00 million in revenue. The bottom line results beat street analysts by $ 0.65 or 30.52 percent, at the same time, top line results outshined analysts by $ 47.00 million or 2.76 percent.

Stock Performance

Shares of Cintas Corporation traded low $ -8.22 or -2.32 percent on Monday, reaching $ 346.13 with volume of 580.60 thousand shares. Cintas Corporation has traded high as $ 351.50 and has cracked $ 340.32 on the downward trend

According to the previous trading day, closing price of $ 346.13, representing a 129.61 % increase from the 52 week low of $ 154.33 and a 4.02 % decrease over the 52 week high of $ 369.20.

The company has a market capital of $ 36.21 billion and is part of the Industrials sector and Business Services industry.

Conference Call

Cintas Corporation will be hosting a conference call at 10:00 AM eastern time on 22nd December 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cintas.com

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms.

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Raghav worked in Indian media for about five years. He has done commerce post graduation. He is anxious on covering the Asian markets and wants to be one of the leading journalists in this region. He can be contacted at raghav@stockmarketintellects.com