Cintas Corporation’s Q4 Earnings Preview

RBC Capital released their outlook on Cintas Corporation (NASDAQ:CTAS) ahead of the upcoming Q4 earnings, expecting a modest beat and conservative full 2023-year guidance.
The analysts believe top-line momentum should sustain given cross-selling opportunities, pricing, share gains, improved retention, and large vertical opportunities such as healthcare, education, and government.
For 2023 outlook, the analysts estimate revenue in the range of $8.25-8.35 billion and EPS in the range of $12.00-$12.40, compared to the Street estimates of $8.34 billion and $12.35, respectively. The analysts expect the company to set the bar low given the elevated level of macroeconomic uncertainty.

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