The earnings miss is offset by operational improvements and growth guidance, but the ATM offering creates near-term dilution risk. Watch for the pace of ATM usage and execution on the 2026 strategic growth plan. The stock may be range-bound until clearer signs of revenue acceleration.
Price Chart
Executive Summary
Carriage Services reported Q1 2026 GAAP diluted EPS of $0.84 (miss of $0.04 vs $0.88 consensus) and revenue of $106.1M (miss of $5.3M vs $111.4M consensus). Despite the headline miss, adjusted EBITDA grew 2.4% to $33.8M with margin expansion to 31.8%, and management initiated 2026 guidance implying growth. The company also announced a $100M ATM equity offering program.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.84 vs consensus $0.88 (miss of -4.5%)
- Revenue $106.1M vs consensus $111.4M (miss of -4.8%)
- Adjusted diluted EPS $0.86 vs $0.96 prior year
- Adjusted EBITDA $33.8M, up 2.4% YoY, margin 31.8% (up 100 bps)
- Announced $100M at-the-market equity offering program
- 2026 guidance: revenue $440-450M, adjusted EPS $3.35-3.55, adj. EBITDA $135-140M
Financial Impact
GAAP EPS declined 37.3% YoY to $0.84, adjusted EPS down 10.4% to $0.86. Revenue declined $0.9M YoY. Adjusted EBITDA increased $0.8M. The ATM offering could dilute existing shareholders.
Risk Factors
- Dilution from the $100M ATM equity offering
- Continued funeral volume decline (-0.9% volume YoY)
- High leverage ratio (4.0x) limits financial flexibility
- Execution risk on 2026 guidance and strategic acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3289372 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Press Release | $35.41 | awaiting T+5 | — | $35.91 (+1.41%) |
Oct 21, 2026 5d ago | SC 13G | $35.68 | awaiting T+5 | — | $35.91 (+0.64%) |
Oct 15, 2026 11d ago | Press Release | $36.20 $35.41 | ▼ −2.18% | ▼ −1.75% | $35.91 (−0.80%) |
Oct 5, 2026 21d ago | 8-K | $32.89 $34.61 | ▲ +5.23% | ▲ +5.37% | $35.91 (+9.18%) |
Sep 30, 2026 26d ago | 8-K | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $35.91 (+12.96%) |
Sep 30, 2026 26d ago | Press Release | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $35.91 (+12.96%) |
Jul 22, 2026 13w ago | Press Release | $37.77 | awaiting T+5 | — | $35.91 (−4.92%) |
May 27, 2026 21w ago | Press Release | $42.49 $37.32 | ▼ −12.17% | ▼ −12.12% | $35.91 (−15.49%) |
May 6, 2026 24w ago | 8-K | $44.60 $43.11 | ▲ +3.34% | ▲ +4.85% | $35.91 (+19.48%) |
May 6, 2026 24w ago | Press Release | $44.60 $43.11 | ▼ −3.34% | ▼ −4.85% | $35.91 (−19.48%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers