Service Corporation International · SCI · FY2026 Q1 · Calendar Q2 2026

SCI reaffirms 2026 outlook as cemetery growth offsets lower funeral volume

The quarter provides partial support for a resilient-demand thesis: preneed cemetery demand, higher average revenue per funeral and cemetery margin expansion offset lower funeral volume. The evidence is mixed because funeral cases declined and management's recovery expectation remains important to the full-year outlook.

Reported After market closeNYSEConsumer Cyclical $10.41B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.97 Consensus $1.00
EPS surprise -3.0% Reported versus consensus
Reported revenue $1.10B Consensus $1.09B
Revenue surprise +0.2% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -6.2% Event window
SPY move +1.0% Same window
Abnormal move -7.2% Stock minus SPY
Volume 1.6× Versus trailing sessions
Subsequent drift -7.2% Up to 20 sessions
SCISPY benchmark

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What changed

Compared with the prior quarter, SCI reported another maintained outlook but shifted the near-term emphasis toward cemetery growth, preneed sales, acquisitions and targeted marketing while funeral case volume remained a pressure point. New initiatives included stopping point-of-sale preneed merchandise delivery, a Qingming pilot and planned expansion of that program.

Guidance delta

Management reaffirmed 2026 adjusted EPS guidance of $4.05-$4.35 and continued to expect mid-single-digit overall growth.

Key takeaways

  • Adjusted EPS was $0.97, while funeral case volume declined about 3% year over year.
  • Cemetery revenue grew 7%, supported by preneed sales growth and margin expansion.
  • Management maintained its 2026 outlook and cited acquisitions, capital projects and stronger preneed initiatives as priorities.

Management priorities

  • Expand cemetery development and construct or acquire additional locations.
  • Scale Qingming and cremation-cemetery marketing initiatives.
  • Invest in digital strategy while maintaining expense discipline and incremental margin improvement efforts.

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Earnings History

Estimate Beat Miss Match
SCI EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $0.87 Q2 '24 actual $0.79, miss Q3 '24 estimate $0.79 Q3 '24 actual $0.79, match Q2 '25 estimate $0.84 Q2 '25 actual $0.88, beat Q3 '25 estimate $0.83 Q3 '25 actual $0.87, beat Q4 '25 estimate $1.14 Q4 '25 actual $1.14, match Q1 '26 estimate $1.00 Q1 '26 actual $0.97, miss Q2 '26 estimate $0.89 Q2 '26 actual $0.90, beat Q3 '26 estimate $0.99 Q3 '26 actual $0.97, miss Q4 '26 estimate $1.19 Q1 '27 estimate $1.06 Q2 '27 estimate $0.98 Q3 '27 estimate $1.05
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Analyst Consensus ?

ConsensusBuy10 ratings
Bullish990.0%
Neutral110.0%
Bearish00.0%

Analyst 52W Price Targets

$76.37Current
$84Low
$92.71Average
$105High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Buy BuyMaintainOct 30, 2026
JP Morgan Overweight OverweightMaintainOct 30, 2026
Oppenheimer Outperform OutperformMaintainApr 2, 2026
Raymond James Outperform OutperformMaintainAug 4, 2025
Truist Securities Buy BuyMaintainNov 1, 2024
Credit Suisse Outperform OutperformMaintainAug 3, 2023
Bank of America Buy BuyMaintainFeb 21, 2018
B of A Securities Buy BuyMaintainFeb 21, 2018
Deutsche Bank Buy BuyMaintainFeb 15, 2018
Wells Fargo Perform Market PerformMaintainAug 2, 2016
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Named analyst price targets

Upside is calculated against the persisted current price $76.37. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$105$86.09 +37.5%Jul 31, 2026
UBSAnalyst unavailable$93$79.4 +21.8%May 1, 2026
Truist FinancialAnalyst unavailable$100$83.77 +30.9%Oct 30, 2025
OppenheimerAnalyst unavailable$94$82.8 +23.1%Oct 22, 2025
UBSAnalyst unavailable$95$82.53 +24.4%Oct 13, 2025
OppenheimerScott Schneeberger$91$81.23 +19.2%Aug 21, 2025
Raymond JamesAnalyst unavailable$90$78.45 +17.8%Aug 4, 2025
Truist FinancialTobey Sommer$84$72.02 +10.0%Jun 21, 2024
OppenheimerScott Schneeberger$79$70.1 +3.4%May 22, 2024
UBSAJ Rice$85$70.78 +11.3%May 17, 2024
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Company context

Snapshot as of publication

Service 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 earnings

Consumer Cyclical peers this season

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T14:10:41.573629+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T14:10:41.570809+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 2026-11-01. For educational purposes only; not investment advice.