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HomeBusinessRollins’ Upcoming Q3 Earnings Preview

Rollins’ Upcoming Q3 Earnings Preview

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Analysts at RBC Capital provided their outlook on Rollins, Inc. (NYSE:ROL) ahead of the upcoming Q3 earnings announcement.
The analysts believe organic growth momentum will sustain in Q3 and model 6.6% total organic growth composed of 6.5% Residential, 6.9% Commercial, and 6.7% Termite. That said, Q3 growth is likely to slow sequentially given the tough comp (approximately 9% organic) but the analysts expect re-acceleration in Q4 to 6.9% and 7.0% in 2023 as comps gradually ease as well as pricing and expansion of the commercial sales, which bodes well for growth.
Furthermore, the analysts believe inflationary pressures, namely fuel, and M&S will continue to roll over, which should drive margin expansion starting Q4. There should also be potential for accelerated accretive M&A given the roughly net cash position and favorable backdrop post RTO/TMX deal close.

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