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What To Expect From Mister Car Wash's (MCW) Q1 Earnings

StockStory - Tue Apr 30, 2:02AM CDT

MCW Cover Image

Conveyorized car wash service company Mister Car Wash (NYSE:MCW) will be reporting earnings tomorrow after market close. Here's what you need to know.

Mister Car Wash met analysts' revenue expectations last quarter, reporting revenues of $230.1 million, up 7.4% year on year. It was a weak quarter for the company, with underwhelming revenue guidance for the full year.

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 7.4% year on year to $242.7 million, improving from the 3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.

Mister Car Wash Total Revenue

The majority of analysts covering the company have 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 three times over the last two years.

Looking at Mister Car Wash's peers in the specialized consumer services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ADT's revenues decreased 5.3% year on year, meeting analysts' expectations, and Pool reported a revenue decline of 7.1%, in line with consensus estimates. ADT traded up 1% following the results while Pool was down 1.3%.

Read our full analysis of ADT's results here and Pool's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the specialized consumer services stocks have fared somewhat better, they have not been spared, with share prices down 6.2% on average over the last month. Mister Car Wash is down 8.5% during the same time and is heading into earnings with an average analyst price target of $9.6 (compared to the current share price of $6.76).

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