ServiceMaster (SERV) Q4 Earnings Top Estimates, Revenues Lag
Zacks Investment Research | Mar 02, 2020 07:41AM ET
ServiceMaster Global Holdings, Inc. (NYSE:SERV) reported mixed fourth-quarter 2019 results wherein earnings beat the Zacks Consensus Estimate but revenues lagged the same.
Adjusted EPS of 22 cents came above the consensus mark as well as the year-ago figure by 16%. Lower year-over-year tax expense drove the bottom line.
Revenues of $507 million marginally missed the consensus mark but increased 11% year over year. The top line benefited from acquisitions, progress on commercial national account and health care cleaning and disinfection.
We observe that shares of the company have decreased 22.5% over the past year compared with the 11.8% decline of the Zacks Investment Research
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