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Stock impact report

Pest-Controller Rentokil Sinks 20% on Earnings Slowdown [Yahoo! Finance Canada]

Rollins, Inc. (ROL) 
Last rollins, inc. earnings: 4/29 07:30 am Check Earnings Report
US:NYSE Investor Relations: rollins.com/investor-relations
Most Read from Bloomberg Organic revenue growth in the region will slow to about 1% in the second half, following a weaker-than-anticipated trading performance in July and August. The update suggests consensus estimates for adjusted pretax profit will need to be cut by 10%, Morgan Stanley analyst Annelies Vermeulen wrote in a note to clients. Rentokil shares at one point headed for their biggest drop since the 2008 financial crisis on Wednesday, sliding as much as 20%. The firm generates around two thirds of its sales in North America following a 2022 acquisition of Terminix. Rival Rollins Inc. fell 4.9% in US premarket trading. Rentokil's slump is a blow to activist investor Nelson Peltz, whose Trian Fund Management LP amassed a significant stake earlier this year. The lack of growth recovery despite additional investment “will be seen as a concern by the market,” Jefferies analyst Allen Wells wrote in a note. --With assistance from Lisa Pham. (Updates shares, adds backg Show less Read more
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