Rollins Inc. ($ROL) Stock Forecast: Down 5.0% Today

What is Rollins Inc.?

Rollins (ROL) provides pest control services to residential and commercial clients, operating through its subsidiaries and holding a significant market presence.

Why is Rollins Inc. going down?

ROL stock is down 5.0% on Jul 26, 2024 14:22

• In its Q2 earnings report, Rollins (ROL) met expectations for EPS but fell short of revenue estimates, prompting a downward trend in the market.
• Despite the growth prospects in Atlanta, Rollins' headquarters, the minor revenue shortfall could have impacted investor confidence.
• The market's reaction to the revenue miss may have overshadowed the positive outcome of meeting earnings projections.
• Investors could be exercising caution regarding Rollins' capacity to seize growth opportunities in Atlanta given the somewhat underwhelming financial performance in Q2.

ROL Price Chart

ROL News

Rollins' ( ROL ) Q2 Earnings Meet Estimates, Increase Y/Y

Rollins' (ROL) second-quarter 2024 revenues increase year over year.

https://www.zacks.com/stock/news/2309343/rollins-rol-q2-earnings-meet-estimates-increase-yy

Rollins (ROL) Q2 2024 Earnings Call Transcript

ROL earnings call for the period ending June 30, 2024.

https://www.fool.com/earnings/call-transcripts/2024/07/25/rollins-rol-q2-2024-earnings-call-transcript/?source=iedfolrf0000001

3 Stocks to Buy to Ride Atlanta’s Impressive Growth 

The Atlanta Journal-Constitution published an article in July discussing the “skyrocketing” growth of Atlanta. That’s got me thinking about Atlanta stocks.  According to AJC, nearly 63,000 people moved into the 11 counties that make up Atlanta between April 2023 and April 2024. According to Axios reporting, Atlanta had the largest change in population between 2022 and 2023 among U.S. cities with at least 250,000 people.  Other data suggests that 1.8 million people will relocate to Atlanta between now and 2050, bringing the city’s population to eight million. Atlanta is already the sixth-largest metro area in the U.S.  Data from KnowAtlanta, a relocation guide for the city, says there are 19 Fortune 500 companies in the Atlanta area with another 16 in the Fortune 1000. From those 35 companies, I ought to be able to find three Atlanta stocks to bet on over the long haul. Here are my three stocks to buy to ride Atlanta’s growth.

https://investorplace.com/2024/07/3-stocks-to-buy-to-ride-atlantas-impressive-growth/

ROL Stock Earnings: Rollins Meets EPS, Misses Revenue for Q2 2024

Rollins (NYSE:ROL) just reported results for the second quarter of 2024. Rollins reported earnings per share of 27 cents. This met the analyst estimate for EPS of 27 cents. The company reported revenue of $891.92 million. This was 0.35% worse than the analyst estimate for revenue of $895.02 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/rol-stock-earnings-rollins-for-q2-of-2024/

Rollins ( ROL ) Meets Q2 Earnings Estimates

Rollins (ROL) delivered earnings and revenue surprises of 0% and 0.13%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2308228/rollins-rol-meets-q2-earnings-estimates

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Rollins Inc. Price History

26.09.2023 - ROL Stock was up 5.5%

• Rollins Inc. (ROL) reported strong financial results for Q3 2023, with a significant increase in revenue.
• The company surpassed earnings and revenue estimates, indicating positive performance.
• Rollins Inc. also announced an increase in its regular quarterly cash dividend, which may have contributed to the bullish movement of the stock.
• The market seems to be reacting positively to the company's strong financial performance and dividend increase, driving the bullish movement of the stock.

27.09.2023 - ROL Stock was up 5.1%

• Rollins (ROL) reported strong quarterly results, beating estimates and showing a year-over-year increase in revenues.
• The positive earnings call and presentation highlighted the company's performance and future prospects.
• The market responded positively to the news, with Rollins' stock surging 6% as investors were impressed by the Q3 results surpassing expectations.
• Overall, Rollins' strong performance and positive market sentiment contributed to the bullish movement of the stock today.

20.09.2023 - ROL Stock was down 5.6%

• Rollins (ROL) may have experienced a bearish movement due to the undervalued perception of the company in the pest-control industry, as mentioned in an article from GuruFocus.
• The overall market sentiment, as indicated by the decline in U.S. stock futures, could have contributed to the bearish movement of Rollins (ROL), as mentioned in an article from Benzinga.
• The dip in Rentokil Initial plc (RTO) shares in pre-market trading could have also influenced the bearish movement of Rollins (ROL), as both companies operate in the pest-control industry.

16.01.2024 - ROL Stock was down 5.6%

• The decline in ROL stock today could be associated with the unfavorable outlook of a large technology company and other major stocks experiencing a downturn during pre-market trading. Although Rollins' earnings report was positive, the overall negative sentiment in the market might have impacted the stock's performance. Furthermore, while Rollins' earnings met expectations, it may not have generated enough positive momentum to counterbalance the broader market trend.

07.08.2023 - ROL Stock was down 5.2%

• Rollins announced the launch of a secondary public offering of its common stock, which could have created selling pressure and led to the bearish movement.
• The proposed offering of $1.35 billion of shares by one of the company's existing stockholders, LOR, may have caused concerns about dilution and potential impact on the stock price.
• The news articles highlight the commencement of the secondary public offering, which could have triggered selling by investors looking to capitalize on the offering.
• The presence of another article discussing an increase in stock holdings by Epoch Investment Partners Inc. is not directly related to the bearish movement but provides additional context about the stock's overall market activity.
• Overall, the bearish movement in Rollins' stock today can be attributed to the announcement of the secondary public offering, which potentially created selling pressure and raised concerns among investors.

25.03.2024 - ROL Stock was up 4.4%

• Rollins (ROL) reported earnings per share of 20 cents for Q1 2024, meeting analyst estimates, and revenue of $748.35 million, beating expectations by 1.25%.
• The company's Q1 profit increased in line with Street estimates, indicating a positive financial performance.
• Rollins, Inc. also announced a regular quarterly cash dividend, which could have attracted income-seeking investors to the stock.
• The positive earnings report and dividend announcement likely boosted investor confidence in Rollins, leading to the bullish movement in the stock price.

15.01.2024 - ROL Stock was down 5.6%

• The recent decline in ROL's stock can be attributed to the following factors:
• 1. Disappointing earnings call: Despite meeting expectations and delivering strong revenue and earnings growth, there may have been higher market expectations which resulted in a sell-off.
• 2. Weak outlook from Cisco: The negative outlook expressed by Cisco Systems, Inc. and other major stocks declining in pre-market trading may have had a negative impact on market sentiment, affecting ROL's stock as well.
• 3. Profit-taking: Some investors might have chosen to cash in their profits after ROL recorded significant growth in the fourth quarter and full year of 2023, causing a decline in the stock price.
• 4. Market volatility: The overall volatility in the market and fluctuations in stock futures could have influenced the bearish movement in ROL's stock. In a cautious approach, investors may have decided to sell their positions.
• In summary, Rollins has displayed positive performance in terms of revenue and earnings growth. However, various market factors and investor sentiment may have contributed to the recent decline in its stock.

15.01.2024 - ROL Stock was down 5.0%

• The decrease in ROL's stock today can be linked to the following factors:
• 1. Mixed earnings performance: Despite strong revenue and earnings growth in the fourth quarter, Rollins' earnings matched estimates. This may have left investors expecting even better results.
• 2. Market sentiment: The weak outlook from a major technology company and the general downward movement of other prominent stocks in the pre-market session could have influenced investor sentiment, resulting in a decline in ROL's stock.
• 3. Profit in line with estimates: Rollins' Q4 profit increased as expected by industry experts. However, it might not have exceeded expectations, prompting some investors to sell off their positions and contributing to the decline.
• 4. Lack of positive surprises: The absence of significant positive surprises in Rollins' earnings and revenue reports may have disappointed investors who anticipated stronger growth, leading to a decrease in the stock price.
• Overall, the decline in ROL's stock can be attributed to mixed earnings performance, market sentiment, and the absence of significant positive surprises.

15.01.2024 - ROL Stock was down 5.1%

• The bearish movement in ROL stock today could be attributed to the following factors:
• 1. Earnings Match Estimates: ROL reported Q4 earnings that matched estimates, suggesting that the company's performance may not have exceeded market expectations. This could have disappointed investors and led to a sell-off in the stock.
• 2. Weak Market Outlook: The overall market sentiment may have been negative due to weak outlooks from other companies. This negative sentiment could have influenced the bearish movement in ROL stock.
• 3. In-Line EPS: ROL reported in-line earnings per share (EPS) for Q4, meaning that the company's performance was in line with market expectations. However, this may not have been enough to drive significant positive momentum in the stock, resulting in a bearish movement.
• 4. Lack of Revenue Growth: Although ROL posted strong revenue and earnings growth in Q4 and the full year, the market may have been looking for even stronger growth numbers. The lack of substantial revenue growth could have contributed to the bearish movement in the stock.
• Overall, the bearish movement in ROL stock today could be attributed to the company's earnings performance meeting expectations but potentially falling short of market expectations for revenue growth, as well as negative market sentiment influenced by weak outlooks from other companies.

25.06.2024 - ROL Stock was down 5.3%

• Rollins reported earnings per share of 27 cents, in line with analyst estimates, however, revenue of $891.92 million fell 0.35% below expectations.
• Despite a profit increase that met forecasts, the slight revenue shortfall may have disappointed investors.
• The market's response could be driven by concerns regarding revenue growth and potential future performance.
• Investors might be exercising caution regarding Rollins' ability to maintain strong revenue growth and enhance margins in the upcoming quarters.

26.06.2024 - ROL Stock was down 5.0%

• In its Q2 earnings report, Rollins (ROL) met expectations for EPS but fell short of revenue estimates, prompting a downward trend in the market.
• Despite the growth prospects in Atlanta, Rollins' headquarters, the minor revenue shortfall could have impacted investor confidence.
• The market's reaction to the revenue miss may have overshadowed the positive outcome of meeting earnings projections.
• Investors could be exercising caution regarding Rollins' capacity to seize growth opportunities in Atlanta given the somewhat underwhelming financial performance in Q2.

25.06.2024 - ROL Stock was down 6.1%

• Rollins (ROL) saw a negative movement in its stock price in response to Q2 2024 financial results. While earnings per share met expectations, revenue fell short.
• Market reaction suggested concerns about Rollins' ability to take advantage of Atlanta's economic growth.
• Despite meeting profit estimates, investor focus on the revenue shortfall led to the stock's downturn.
• The disparity between meeting EPS expectations and missing revenue forecasts likely contributed to the stock's decline as investors rethink Rollins' growth prospects in Atlanta's expanding economy.