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.
The Moving Average Convergence Divergence (MACD) for CTAS turned positive on June 01, 2023. Looking at past instances where CTAS's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 30, 2023. You may want to consider a long position or call options on CTAS as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 361 cases where CTAS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for CTAS moved out of overbought territory on June 07, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
CTAS broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 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 (13.441) is normal, around the industry mean (68.191). P/E Ratio (38.610) is within average values for comparable stocks, (125.903). Projected Growth (PEG Ratio) (2.941) is also within normal values, averaging (1.774). Dividend Yield (0.010) settles around the average of (0.036) among similar stocks. P/S Ratio (5.784) is also within normal values, averaging (55.495).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of rental and servicing of uniforms and other garments
A.I.dvisor indicates that over the last year, CTAS has been closely correlated with VRSK. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if CTAS jumps, then VRSK could also see price increases.
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