Service Corporation International · SCI · FY2025 Q4 · Calendar Q1 2026
SCI's Q4 growth and 2026 outlook hinge on preneed gains despite softer volume
SCI's earnings outlook depends on higher revenue per service and low-to-mid-single-digit preneed production growth offsetting flat-to-slightly-lower funeral volume. Its insurance-based SCI Direct transition, expense variability and a lower-margin sales mix are key execution considerations.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The FY2025 Q4 call moved the focus from the prior quarter's FY2025 outlook to the 2026 plan. Management maintained 2026 adjusted EPS guidance and described SCI Direct as fully transitioned to insurance-based products. Q4 adjusted EPS was in line with consensus, while revenue was slightly below consensus.
Guidance delta
Management maintained 2026 adjusted EPS guidance of $4.05-$4.35, implying 5%-13% growth. It expects funeral volume to be flat to slightly down, with inflation-adjusted revenue growth and low-to-mid-single-digit preneed funeral and cemetery production growth.
Key takeaways
- Adjusted EPS grew 8% year over year in Q4 and 9% for FY2025, according to the supplied call analysis.
- Q4 adjusted EPS of $1.14 matched consensus; reported revenue was below consensus.
- Management expects flat-to-slightly-lower funeral volume in 2026, with inflation-adjusted revenue growth.
- Cemetery gross profit grew 3% and margin expanded 70 basis points; the company plans further cemetery development.
- SCI Direct completed its transition to insurance-based products, replacing higher-margin merchandise with lower-margin commissions.
Management priorities
- Increase preneed funeral and cemetery production by low-to-mid-single digits.
- Invest in cemetery development and digital strategy.
- Maintain maintenance capital spending and pursue acquisitions.
- Continue disciplined share repurchases and dividend payments.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Apr 2, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Aug 4, 2025 |
| Truist Securities | Buy | Buy | Maintain | Nov 1, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 3, 2023 |
| Bank of America | Buy | Buy | Maintain | Feb 21, 2018 |
| B of A Securities | Buy | Buy | Maintain | Feb 21, 2018 |
| Deutsche Bank | Buy | Buy | Maintain | Feb 15, 2018 |
| Wells Fargo | Perform | Market Perform | Maintain | Aug 2, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $76.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $105 | $86.09 | +36.4% | Jul 31, 2026 |
| UBS | Analyst unavailable | $93 | $79.4 | +20.8% | May 1, 2026 |
| Truist Financial | Analyst unavailable | $100 | $83.77 | +29.9% | Oct 30, 2025 |
| Oppenheimer | Analyst unavailable | $94 | $82.8 | +22.1% | Oct 22, 2025 |
| UBS | Analyst unavailable | $95 | $82.53 | +23.4% | Oct 13, 2025 |
| Oppenheimer | Scott Schneeberger | $91 | $81.23 | +18.2% | Aug 21, 2025 |
| Raymond James | Analyst unavailable | $90 | $78.45 | +16.9% | Aug 4, 2025 |
| Truist Financial | Tobey Sommer | $84 | $72.02 | +9.1% | Jun 21, 2024 |
| Oppenheimer | Scott Schneeberger | $79 | $70.1 | +2.6% | May 22, 2024 |
| UBS | AJ Rice | $85 | $70.78 | +10.4% | May 17, 2024 |
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Start freeCompany context
Snapshot as of publicationService Corporation International (SCI) is a leading provider of comprehensive end-of-life products and services across the United States and Canada. The company structures its extensive operations into two primary divisions: Funeral Services and Cemetery Operations. SCI's physical footprint encompasses a vast network of funeral homes, cemeteries, and crematories, including numerous integrated locations that offer both funeral and cemetery services. Their professional offerings span the entire funeral and cremation process, from the logistical aspects of facility and vehicle use to the compassionate arrangement and direction of services. This includes essential tasks such as removal, preparation, embalming, and cremation, alongside memorialization options, travel protection plans, and catering. Clients can also procure a wide array of funeral merchandise.…
Historical context
All SCI earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
| MGA Magna International Inc. | FY2026 Q3 · Calendar Q4 2026 | +15.8% | -1.4% | Magna expands margins as China production weighs on sales outlook |
| H Hyatt Hotels Corporation | FY2026 Q3 · Calendar Q4 2026 | +67.1% | +6.3% | Hyatt raises RevPAR and fee-growth outlook after strong Q3 |
| LTH Life Time Group Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.9% | +5.1% | Life Time Group Raises Guidance as Growth Broadens |
| SBUX Starbucks Corporation | FY2026 Q4 · Calendar Q4 2026 | +11.3% | -1.7% | Starbucks posts resilient comps and sets FY27 margin targets |
| RIVN Rivian Automotive, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.4% | +6.2% | Rivian’s R2 scale-up lifted Q3 output and software momentum |
| AMZN Amazon.com, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.1% | -1.6% | Amazon pairs accelerating AWS AI demand with sustained capital intensity |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T12:50:51.046136+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T12:50:51.043390+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.