Oppenheimer still confident on ServiceMaster [Seeking Alpha]
Serve Robotics Inc. (SERV)
Last serve robotics inc. earnings: 2/27 07:00 am
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US:NASDAQ Investor Relations:
investors.servicemaster.com
Company Research
Source: Seeking Alpha
Oppenheimer checks in on ServiceMaster Global ( SERV ) after the company pre-announced Q2 numbers . Analyst note: We believe the timing of the pre-release suggests the company is trying to 'lower the bar' before the spin-off of AHS. Preliminary 2Q18 revenues of $874M beat our/Street’s $855.7M/$860.6M estimates. Adjusted EBITDA of $208M missed our/Street’s $213M/ $217M estimates. The miss was primarily driven by higher contract claim costs at AHS of $22M ($16M, net of tax). The investment firm keeps an Overweight rating on ServiceMaster and 12-18 month price target of $65.00. Click to subscribe to real-time analytics on SERV Now read: Caesars pushes forward with sports betting in New Jersey » Subscribe for full text news in your inbox
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