Rollins (ROL) Reports Earnings Tomorrow: What To Expect
Pest control company Rollins (NYSE:ROL) will be announcing earnings results tomorrow after the bell. Here’s what to look for.
Rollins met analysts’ revenue expectations last quarter, reporting revenues of $891.9 million, up 8.7% year on year. It was a slower quarter for the company, with a miss of analysts’ organic revenue estimates.
Is Rollins a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Rollins’s revenue to grow 8.5% year on year to $911.5 million, slowing from the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 per share.
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. Rollins has missed Wall Street’s revenue estimates twice over the last two years.
With Rollins 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 environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 2.3% on average over the last month. Rollins is down 1.3% during the same time and is heading into earnings with an average analyst price target of $48.66 (compared to the current share price of $49.84).
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