Mister Car Wash MCW reported its Q2 earnings results on Thursday, August 11, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Mister Car Wash missed estimated earnings by 8.33%, reporting an EPS of $0.11 versus an estimate of $0.12.
Revenue was up $28.08 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 6.52% drop in the share price the next day.
Here's a look at Mister Car Wash's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.11 | 0.08 | 0.10 | 0.09 |
EPS Actual | 0.11 | 0.10 | 0.11 | 0.14 |
Revenue Estimate | 214.62M | 188.68M | 188.16M | 193.20M |
Revenue Actual | 219.42M | 191.46M | 194.31M | 197.08M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Mister Car Wash management provided guidance for FY 2022, expecting earnings between $0.36 and $0.39 per share.
To track all earnings releases for Mister Car Wash visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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