Cintas Corp (CTAS, $443.77) earnings expectations on March 29, 2023
Cintas Corp (CTAS) is a global leader in providing corporate identity uniform programs and other business services such as document management, first aid, and safety products. The company is scheduled to release its earnings report for the third quarter of the fiscal year 2022 on Wednesday, March 29th.
Analysts are expecting CTAS to report earnings per share (EPS) of $2.38, which would represent a 3.5% increase from the same quarter last year. Revenue is expected to come in at $2.18 billion, which would be a 6.4% increase from the same quarter in 2021. These projections are based on the company's solid performance in the past, with revenue growth averaging 7.7% over the last five years.
Investors are also closely monitoring CTAS's technical chart, which shows that the stock is currently trading near the lower Bollinger Band. This is a commonly used technical indicator that measures the volatility of a stock's price relative to its moving average. When the stock price falls below the lower Bollinger Band, it is considered oversold, and there may be an opportunity for traders to buy the stock at a discount.
Furthermore, historical data shows that CTAS has a tendency to bounce back after breaking its lower Bollinger Band. In 23 of 36 cases where CTAS's price broke its lower Bollinger Band, its price rose further in the following month. This indicates that the odds of a continued upward trend are 64%.
Given these factors, traders may consider buying the stock or exploring call options, which give the holder the right to buy the stock at a predetermined price.
CTAS's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for CTAS moved out of oversold territory on January 03, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In of the 17 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on CTAS as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CTAS just turned positive on January 08, 2025. Looking at past instances where CTAS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CTAS advanced for three days, in of 374 cases, the price rose further within the following month. The odds of a continued upward trend are .
CTAS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for CTAS crossed bearishly below the 50-day moving average on December 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTAS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CTAS entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CTAS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.271) is normal, around the industry mean (28.225). P/E Ratio (49.264) is within average values for comparable stocks, (90.877). CTAS's Projected Growth (PEG Ratio) (3.860) is very high in comparison to the industry average of (1.746). Dividend Yield (0.008) settles around the average of (0.038) among similar stocks. P/S Ratio (7.645) is also within normal values, averaging (12.150).
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General Information
a provider of rental and servicing of uniforms and other garments
Industry MiscellaneousCommercialServices