Analysts on Wall Street project that European Wax Center, Inc. (EWCZ) will announce quarterly earnings of $0.04 per share in its forthcoming report, representing a decline of 75% year over year. Revenues are projected to reach $46.07 million, declining 7.4% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific European Wax Center metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Marketing fees' should arrive at $7.02 million. The estimate points to a change of -4.3% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Royalty fees' will reach $11.99 million. The estimate indicates a change of -6.2% from the prior-year quarter.
Analysts forecast 'Revenue- Product sales' to reach $24.16 million. The estimate suggests a change of -8.3% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Other revenue' of $2.93 million. The estimate suggests a change of -10.7% year over year.
The combined assessment of analysts suggests that 'Ending center count' will likely reach 1,047 . Compared to the present estimate, the company reported 1,067 in the same quarter last year.
View all Key Company Metrics for European Wax Center here>>>
Over the past month, shares of European Wax Center have returned +45.8% versus the Zacks S&P 500 composite's -0.5% change. Currently, EWCZ carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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European Wax Center, Inc. (EWCZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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