Rollins Earnings Preview: Key Insights for Investors
On Thursday, pest control company Rollins (NYSE: ROL) announces its quarterly earnings after market close. Here's what investors need to know:
Q3 Results and Analyst Expectations
In Q3 2022, Rollins met revenue expectations, reporting a 9% year-over-year (YoY) increase to $916.3 million. However, the company missed EPS estimates.
Analysts predict Rollins' revenue for Q4 2022 to rise 8.7% YoY, to $819.6 million. Adjusted earnings are expected at $0.23 per share.
Analyst Consensus and Peer Performance
Analysts have maintained their revenue estimates over the past 30 days, indicating a stable outlook. However, Rollins has a history of missing revenue expectations in the past two years.
Peers in the environmental and facilities services industry have reported mixed Q4 results. BrightView saw revenue decline by 4.4% YoY, while Tetra Tech exceeded expectations with a 17.9% increase.
Market Sentiment and Analyst Target
The environmental and facilities services sector has experienced positive sentiment, with share prices rising by an average of 2.4% over the past month. Rollins has outperformed, gaining 6.7% during the same period.
The average analyst price target for Rollins is $48.85, below the current share price of $49.61.