Compared to Estimates, Mister Car Wash (MCW) Q1 Earnings: A Look at Key Metrics

For the quarter ended March 2024, Mister Car Wash (MCW) reported revenue of $239.18 million, up 5.9% over the same period last year. EPS came in at $0.08, compared to $0.08 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $244.06 million, representing a surprise of -2.00%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 0.9% versus 1.3% estimated by five analysts on average.
  • Ending location count: 482 versus the four-analyst average estimate of 482.
  • New Stores, Net (acquired & opened): 6 compared to the 6 average estimate based on three analysts.
View all Key Company Metrics for Mister Car Wash here>>>

Shares of Mister Car Wash have returned -10.3% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Mister Car Wash, Inc. (MCW) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.