Carriage Services (NYSE: CSV) Price Target Adjusted Following Q2 2026 Earnings Report

• Investment firm Raymond James lowered its price target for Carriage Services (NYSE: CSV) to $50.00 from $60.00.
• Carriage Services reported Q2 2026 earnings of $0.78 per share and revenues of $102.95 million, both missing analyst estimates.
• Despite missing estimates, Carriage Services showed growth in GAAP diluted earnings per share (EPS), Adjusted Consolidated EBITDA, and preneed sales.

Carriage Services is a company that provides funeral and cemetery services and products in the United States. On August 7, 2026, the investment firm Raymond James lowered its price target for Carriage Services to $50.00 from a previous target of $60.00. At that time, the stock was trading at $36.08, representing a potential upside of 38.58% to the new target.

This price target adjustment follows the company's second-quarter 2026 earnings announcement. As highlighted by Zacks, Carriage Services reported quarterly earnings of $0.78 per share. This figure missed the Zacks Consensus Estimate of $0.82 per share, which is an earnings surprise of -4.88%. An earnings surprise is the difference between what analysts expected and what the company actually reported.

The company’s revenue for the quarter also came in below analyst forecasts. It posted revenues of $102.95 million, which was 5.59% short of the Zacks Consensus Estimate. However, this revenue figure is slightly higher than the $102.15 million reported in the same quarter of the previous year, showing a small amount of year-over-year growth.

Despite missing estimates, the company shows growth in key financial areas. Its GAAP diluted earnings per share (EPS) increased to $0.77 from $0.74 in the prior year quarter. Adjusted Consolidated EBITDA, a measure of a company's overall financial performance, grew by 3.1%. The company’s EBITDA margin, which indicates profitability, also expanded to 32.3%.

Operationally, Carriage Services reports positive trends in its future business. Consolidated cemetery preneed sales, which are sales made for future use, increased by 5.0%. The company also saw a 21.1% growth in insurance-funded preneed funeral contracts sold. Carriage Services confirmed its 2026 earnings per share midpoint guidance, showing confidence in its financial outlook.