Pre-earnings brief
Reports
Wed, Nov 4, 2026
Est. EPS
—
Est. revenue
—
Implied move
±11.2%
EPS beat rate
75%
—
Est. EPS
$-0.50
Est. Rev
$257M
Impl. Move
±7.5%
Carriage Services, Inc. (CSV) operates in the consumer discretionary sector, focusing on specialized consumer services, particularly in the funeral and cemetery industry. As a company with a market cap of $1 billion, it plays a significant role in providing essential services that cater to families during difficult times, making it a vital part of the community.
Last quarter
In Q2-2026, Carriage Services reported an EPS of $0.78, which was below the expected $0.82, resulting in a slight stock increase of 2.20% the following day. The company has shown variability in earnings performance over the past quarters, with a mix of beats and misses.
EPS beat streak
0Q
EPS beat rate
75%
Avg EPS surprise
+9.84%
Avg 1-day reaction
+0.28%
Overall, expectations for Carriage Services are cautious, especially following the recent earnings miss. Investors are keen to see if the company can regain momentum and meet or exceed EPS estimates this quarter.
Bull case
If Carriage Services can report an EPS above $0.82 and demonstrate strong revenue growth, it could signal a recovery in performance and boost investor confidence.
Bear case
Conversely, if the company misses EPS estimates again or shows weak revenue growth, it may raise concerns about its operational efficiency and future prospects.
Key metrics to watch
Earnings Per Share (EPS)
$0.82EPS is a key indicator of the company's profitability and financial health. Investors will be looking for signs of growth or stability in earnings.
Revenue Growth
N/ARevenue growth is crucial for understanding how well the company is expanding its business and capturing market share.
The print will turn on these.
Q1
Will EPS exceed $0.82 this quarter?
A beat on EPS is crucial for restoring investor confidence after the previous miss and could indicate a turnaround in performance.
Q2
What are the revenue growth figures for this quarter?
Revenue growth is essential for assessing the company's ability to expand and compete effectively in its market.
Why consensus could be wrong
The Street may be underestimating the potential for Carriage Services to rebound this quarter, as historical patterns show a strong EPS beat rate of 75%.
Supporting evidence
Despite recent misses, the company has a track record of outperforming expectations in three out of the last four quarters.
Options are pricing a significant move of 11.24%, indicating that the market anticipates volatility that could favor a positive surprise.
Key risk
If EPS comes in above $0.82, it could shift the narrative and validate the company's recovery potential.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it follows a trend of mixed results, and investors will be closely monitoring the company's ability to meet expectations.
Bull confirmed if
Reporting an EPS of $0.82 or higher with positive revenue growth would confirm the bull case.
Bear confirmed if
An EPS below $0.78 or negative revenue growth would confirm the bear case.
What the market is pricing for the move.
Implied Move
±11.24%
Historical Avg
±1.3%
The options market is pricing in a significant move of over 11% in either direction, indicating heightened uncertainty around the earnings report.
Options are pricing ±11.2% while CSV has averaged ±1.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
25.7%
Smart-money positioning from the most recent 13F filings.
Institutional
87.59%
of float
Insider
2.83%
of float
Holders
222
institutions
Top Holders· as of Jun 2026
FMR, LLC
2,380,839 sh · $80.5M
15.00%
0.1%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Carriage Services beats expectations, history suggests a potential stock increase of around 0.17% on the day, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management commentary.
Miss
A miss could lead to a decline in stock price, with historical data suggesting an average drop of around 0.60% following such outcomes.
The lines on the call that would change the story.
Operating Margin
N/AOperating margin will provide insights into the company's efficiency in managing its costs relative to its revenue.
Blackrock Inc.
1,099,733 sh · $37.2M
6.93%
7.7%
T. Rowe Price Investment Management, Inc.
725,953 sh · $24.5M
4.57%
321.3%
Vanguard Capital Management LLC
644,644 sh · $21.8M
4.06%
1.0%
Dimensional Fund Advisors LP
633,970 sh · $21.4M
3.99%
3.9%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.