Why Did ServiceMaster Stock Drop 20% This Week ?
ServiceMaster Global Holdings (NYSE: SERV) – a provider of residential and commercial termite and pest control services – saw its stock decline by close to 20% this week. The sell-off came after the company announced weaker-than-expected preliminary revenues and EPS for Q3 2019. While the company increased its full-year revenue outlook, on account of recent acquisitions, it cut its adjusted EBITDA forecast for the year to between $415 million and $425 million (previously expected at between $435 million and $445 million) Moreover, the company also said that the head of its Terminix Residential operations would be stepping down. The Terminix segment accounted for 87% of the company’s revenue in 2018. Below, we take a look at how ServiceMaster has fared in recent years and what the outlook could be like.
View our interactive dashboard analysis on Why Did ServiceMaster Global Holdings Stock Decline 20% This Week?
How does ServiceMaster Global Holdings’ Revenue Growth in 2018 compare with that in prior periods and what’s the forecast?
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Total Revenues for ServiceMaster Global Holdings increased from $1.76 Bil in 2017 to $1.90 Bil in 2018; an increase of 8.26%. This compares with Total Revenues growth of 1.68% in 2017 compared to 2016.
We expect Total Revenues growth to be 8% in 2019.
How does ServiceMaster Global Holdings’ Total Expense in 2018 compare with that in prior periods and what’s the forecast?
Total Expense for ServiceMaster Global Holdings significantly increased from $1.66 Bil in 2017 to $2.03 Bil in 2018; an increase of 22.3%.
This compares with Total Expense growth of -4.17% in 2017 compared to 2016.
We expect Total Expense growth to be -5.2% in 2019.
How does ServiceMaster Global Holdings’ EBT in 2018 compare with that in prior periods and what’s the forecast?
EBT for ServiceMaster Global Holdings decreased dramatically by -227% from $99.0 Mil in 2017 to -$126 Mil in 2018.
We expect EBT to stand at $130 million in 2019.
How do ServiceMaster Global Holdings’ Net Income and EPS in 2018 compare with that in prior periods and what’s the forecast?
For more details on ServiceMaster Global Holdings’ Net Income and EPS, view our interactive dashboard analysis.
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