Carriage Services: Looking For Direction Post Q4 Earnings

Individual Trader
17.86K Followers

Summary

  • Carriage Services, Inc. beat earnings and sales estimates in Q4.
  • Carriage Services shares, though, have not pushed on post the earnings beat. Elevated debt and reduced cash flow are areas of concern.
  • The company's trust fund performed well in fiscal 2022. Digital initiatives are expected to be a game-changer for Carriage Services over time.

Funeral home sign on building

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Intro

If we pull up a long-term chart of Carriage Services, Inc. (NYSE:CSV), (cemetery and funeral home services provider) we can see that shares successfully tested long-term support recently which maintained the stock's long-term trend of

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