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Wrapping up Q3 earnings, we look at the numbers and key takeaways for the specialized consumer services stocks, including Service International (NYSE:SCI) and its peers.
Some consumer discretionary companies don’t fall neatly into a category because their products or services are unique. Although their offerings may be niche, these companies have often found more efficient or technology-enabled ways of doing or selling something that has existed for a while. Technology can be a double-edged sword, though, as it may lower the barriers to entry for new competitors and allow them to do serve customers better.
The 11 specialized consumer services stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was 2% below.
Luckily, specialized consumer services stocks have performed well with share prices up 10.7% on average since the latest earnings results.
Service International (NYSE:SCI)
Founded in 1962, Service International (NYSE: SCI) is a leading provider of death care products and services in North America.
Service International reported revenues of $1.01 billion, up 1.2% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a miss of analysts’ Funeral revenue estimates.
Interestingly, the stock is up 13.7% since reporting and currently trades at $86.55.
Read our full report on Service International here, it’s free.
Best Q3: Matthews (NASDAQ:MATW)
Originally a death care company, Matthews International (NASDAQ:MATW) is a diversified company offering ceremonial services, brand solutions and industrial technologies.
Matthews reported revenues of $446.7 million, down 7% year on year, outperforming analysts’ expectations by 1.4%. The business had an exceptional quarter with a solid beat of analysts’ EPS and EBITDA estimates.
The market seems happy with the results as the stock is up 15.6% since reporting. It currently trades at $29.50.
Is now the time to buy Matthews? Access our full analysis of the earnings results here, it’s free.
Slowest Q3: 1-800-FLOWERS (NASDAQ:FLWS)
Founded in 1976, 1-800-FLOWERS (NASDAQ:FLWS) is an online retailer of flowers, gifts, and gourmet foods, serving customers globally.
1-800-FLOWERS reported revenues of $242.1 million, down 10% year on year, falling short of analysts’ expectations by 1.6%. It was a slower quarter as it posted a miss of analysts’ EBITDA estimates.
Interestingly, the stock is up 3.9% since the results and currently trades at $8.30.