Conveyorized car wash service company Mister Car Wash (NYSE:MCW)
will be reporting results tomorrow after market close. Here’s what you need to know.
Mister Car Wash beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $251.2 million, up 9.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ same-store sales estimates but full-year revenue guidance missing analysts’ expectations.
This quarter, analysts are expecting Mister Car Wash’s revenue to grow 7.6% year on year to $257.5 million, improving from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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 five 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 delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 2%, and Pool reported a revenue decline of 4.4%, falling short of estimates by 2.5%. ADT’s stock price was unchanged after the results, while Pool was down 5.7%.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the specialized consumer services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.8% on average over the last month. Mister Car Wash is down 10.3% during the same time and is heading into earnings with an average analyst price target of $9.50 (compared to the current share price of $7.08).
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