For the quarter ended September 2023, Mister Car Wash (MCW - Free Report) reported revenue of $234.08 million, up 7.6% over the same period last year. EPS came in at $0.08, compared to $0.09 in the year-ago quarter.
The reported revenue represents a surprise of +0.41% over the Zacks Consensus Estimate of $233.11 million. With the consensus EPS estimate being $0.07, the EPS surprise was +14.29%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mister Car Wash performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales growth: 1.7% versus 1.1% estimated by four analysts on average.
- Ending location count: 462 versus 462 estimated by three analysts on average.
- New Stores, Net (acquired & opened): 13 compared to the 10 average estimate based on two analysts.
View all Key Company Metrics for Mister Car Wash here>>>Shares of Mister Car Wash have returned -9.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended September 2023, Mister Car Wash (MCW - Free Report) reported revenue of $234.08 million, up 7.6% over the same period last year. EPS came in at $0.08, compared to $0.09 in the year-ago quarter.
The reported revenue represents a surprise of +0.41% over the Zacks Consensus Estimate of $233.11 million. With the consensus EPS estimate being $0.07, the EPS surprise was +14.29%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mister Car Wash performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales growth: 1.7% versus 1.1% estimated by four analysts on average.
- Ending location count: 462 versus 462 estimated by three analysts on average.
- New Stores, Net (acquired & opened): 13 compared to the 10 average estimate based on two analysts.
View all Key Company Metrics for Mister Car Wash here>>>Shares of Mister Car Wash have returned -9.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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