Mister Car Wash Q1 2024 Adj EPS $0.08, Inline, Sales $239.183M Miss $243.483M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mister Car Wash (NYSE:MCW) reported Q1 2024 adjusted earnings per share of $0.08, meeting analyst expectations but unchanged from the previous year. Quarterly sales were $239.183 million, missing the consensus estimate of $243.483 million by 1.77% but marking a 5.85% increase from the previous year.
May 01, 2024 | 8:15 pm
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Mister Car Wash reported Q1 2024 adjusted EPS of $0.08, in line with estimates, and sales of $239.183M, slightly missing estimates but showing year-over-year growth.
The reported earnings per share (EPS) meeting analyst expectations indicates stability in Mister Car Wash's financial performance, which is likely to be viewed neutrally by investors. However, the slight miss in sales estimates could cause some concern, but the year-over-year sales growth might offset negative sentiment. Given these mixed signals, the short-term impact on MCW's stock price is expected to be neutral.
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