Conveyorized car wash service company Mister Car Wash (NYSE:MCW) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
Mister Car Wash beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $263.4 million, up 5.7% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ adjusted operating income estimates.
Is Mister Car Wash a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Mister Car Wash’s revenue to grow 4.3% year on year to $262 million, slowing from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mister Car Wash has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Mister Car Wash’s peers in the consumer discretionary - specialized consumer services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. 1-800-FLOWERS’s revenues decreased 9.5% year on year, meeting analysts’ expectations, and Matthews reported a revenue decline of 29.1%, topping estimates by 0.8%. 1-800-FLOWERS traded up 6.9% following the results while Matthews’s stock price was unchanged.
Read our full analysis of 1-800-FLOWERS’s results here and Matthews’s results here.
Investors in the consumer discretionary - specialized consumer services segment have had fairly steady hands going into earnings, with share prices down 1.7% on average over the last month. Mister Car Wash is up 4.9% during the same time and is heading into earnings with an average analyst price target of $7.47 (compared to the current share price of $5.97).
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