Conveyorized car wash service company Mister Car Wash (NYSE:MCW) will be reporting results tomorrow after market hours. Here’s what investors should know.
Mister Car Wash met analysts’ revenue expectations last quarter, reporting revenues of $249.3 million, up 6.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS and same-store sales estimates.
Is Mister Car Wash a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Mister Car Wash’s revenue to grow 7.9% year on year to $248.3 million, in line with the 7.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 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 six times over the last two years.
Looking at Mister Car Wash’s peers in the specialized consumer services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Service International delivered year-on-year revenue growth of 3.5%, beating analysts’ expectations by 0.8%, and H&R Block reported flat revenue, topping estimates by 1.4%. Service International traded up 7.3% following the results while H&R Block’s stock price was unchanged.
Read our full analysis of Service International’s results here and H&R Block’s results here.
Investors in the specialized consumer services segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Mister Car Wash is up 10.2% during the same time and is heading into earnings with an average analyst price target of $9.34 (compared to the current share price of $7.98).
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