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Cintas (CTAS) Reports Earnings Tomorrow: What To Expect

Uniform and facility services provider Cintas (NASDAQ:CTAS) will be announcing earnings results this Wednesday morning. Here’s what investors should know. Cintas beat analysts’ revenue expectations last quarter, reporting revenues of $2.8 billion, up 9.3% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ revenue estimates. Is Cintas a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Cintas’s revenue to grow 8.1% year on year, in line with the 8.4% increase it recorded in the same quarter last year. Cintas Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has a history of exceeding Wall Street’s expectations. With Cintas being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for business services & supplies stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Cintas is down 8.3% during the same time . WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it. This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.