What to Expect From Cintas Corporation’s Upcoming Q1 Results?

Analyst at Deutsche Bank provided their outlook on Cintas Corporation (NASDAQ:CTAS) ahead of the upcoming Q1 earnings announcement.

The company’s stock has performed in line with the market since its last earnings report two months ago. The macro picture since then has been mixed as current conditions appear more favorable (lower gas prices, labor market holding its own) while future conditions seem more uncertain amidst the Fed's tightening policy stance.

In that context, the analysts raised their Q1 top-line growth slightly to 9% assuming that the quarterly cadence of full-year sales growth outlook (of 8.5% at midpoint) is weighted to the front-half given easier comps, continued strong labor market, and anticipated relative uncertainty likely embedded in management's outlook in the back-half.