Carriage Services Beats Q1 Sales Targets
| CSV Stock | USD 40.65 1.44 3.67% |
Slightly above 56% of all Carriage Services' sophisticated investors are looking to take a long position. The analysis of overall sentiment of trading Carriage Services stock suggests that some investors are interested at this time. Carriage Services' investing sentiment can be driven by a variety of factors including economic data, Carriage Services' earnings reports, geopolitical events, and overall market trends.
Carriage |
Funeral services company Carriage Services reported results ahead of analysts expectations in Q1 CY2024, with revenue up 8.4 percent year on year to 103.5 million. It made a GAAP profit of 0.45 per share, down from its profit of 0.57 per share in the same quarter last year.
Read at finance.yahoo.com
 |
Carriage Services Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Carriage Services can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Carriage Services Fundamental Analysis
We analyze Carriage Services' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carriage Services using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carriage Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Carriage Services is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Carriage Services Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Carriage Services stock to make a market-neutral strategy. Peer analysis of Carriage Services could also be used in its relative valuation, which is a method of valuing Carriage Services by comparing valuation metrics with similar companies.
Peers
Carriage Services Related Equities
| EM | Smart Share | 2.90 | ||||
| MCW | Mister Car | 2.63 | ||||
| SCI | Service International | 1.54 | ||||
| BFAM | Bright Horizons | 1.35 | ||||
| ROL | Rollins | 1.19 |
Additional Tools for Carriage Stock Analysis
When running Carriage Services' price analysis, check to measure Carriage Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carriage Services is operating at the current time. Most of Carriage Services' value examination focuses on studying past and present price action to predict the probability of Carriage Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carriage Services' price. Additionally, you may evaluate how the addition of Carriage Services to your portfolios can decrease your overall portfolio volatility.