Service Corp (SCI) Tops Q1 EPS by 8c, Guides FY17 EPS In-Line

Service Corp (NYSE: SCI) reported Q1 EPS of $0.38, $0.08 better than the analyst estimate of $0.30. Revenue for the quarter came in at $777.7 million versus the consensus estimate of $764.02 million.

GUIDANCE:

Service Corp sees FY2017 EPS of $1.29-$1.43, versus the consensus of $1.36.

OUTLOOK FOR 2017

The ranges detailed below are consistent with our previously reported outlook for 2017 and are in line with our adjusted EPS long-term growth framework of 8-12% after considering special items in 2016. We now believe that our performance in 2017 will result in adjusted EPS at the upper end of this full year 2017 range. Our outlook for adjusted operating cash flow remains consistent and reflects an anticipated $40 - $45 million increase in cash taxes, as we expect our cash tax rate to approximate our effective tax rate adjusted for the IRS settlement.

For earnings history and earnings-related data on Service Corp (SCI) click here.

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