On February 5, 2022, I posted that we will likely, and sadly, see a coming boom in death care businesses. A key driver for this post was a bombshell report from One America’s CEO Scott Davison. He shockingly revealed a massive Q3 (and Q4) increase in all-cause mortality in working age people 18-64 years old.
In addition to insurance industry actuarial tables and VAERS data, the Defense Medical Epidemiology Database (DMED) supports this likelihood of trouble ahead. Why are we not taking notice?
All-cause mortality is going to surprise to the upside.
Now, Zacks Equity Research reports that death care leader Service Corporation International reported a whopping 84 percent increase in its expected 4th quarter earnings (emphasismine),
Service Corp. (SCI) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 17%. A quarter ago, it was expected that this funeral home and cemetery operator would post earnings of $0.63 per share when it actually produced earnings of $1.16, delivering a surprise of 84.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Service Corp. , which belongs to the Zacks Funeral Services industry, posted revenues of $1.04 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.06%. This compares to year-ago revenues of $970.27 million. The company has topped consensus revenue estimates four times over the last four quarters.