Earnings Outlook For European Wax Center
Portfolio Pulse from Benzinga Insights
European Wax Center (NASDAQ:EWCZ) is scheduled to release its quarterly earnings report on March 6, 2024, with an expected EPS of $0.07. Historical data shows mixed reactions to past earnings, with the stock price often dropping post-announcement despite beating or meeting EPS estimates. Over the last year, EWCZ shares have declined by 28.38%, indicating a bearish sentiment among long-term investors.
March 05, 2024 | 3:04 pm
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European Wax Center is expected to report an EPS of $0.07 for the upcoming quarter. Historical performance shows a tendency for the stock price to drop following earnings announcements, despite beating estimates. Shares have decreased by 28.38% over the past year, reflecting a bearish outlook.
The expected EPS and historical performance suggest a cautious outlook for EWCZ. The consistent post-earnings price drops, despite beating estimates, indicate that investor reactions to earnings reports are not solely based on performance metrics. The significant yearly decline in share price further supports a bearish sentiment, suggesting potential short-term negative impact on the stock price following the earnings announcement.
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