Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Cintas
So what: Revenue rose 11.3% to $1.01 billion while per-share earnings improved 36% to $0.49. Wall Street had been calling for $967.5 million and $0.44, respectively. The beat marks the third consecutive quarter in which Cintas has topped earnings estimates by at least 5%, making for a nice momentum story.
Now what: The Big Mo could hang around for a while. Cintas, a business uniform maker, projected $1.97-$2.05 in per-share profit on $4 billion-$4.1 billion in revenue in the year ahead, largely on the strength of an improving job market. Analysts were looking for $1.83 and $4 billion, respectively. Who’s right? You tell me. Weigh in on the economy and Cintas’ prospects using the comments box below.
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