European Wax Center Inc reports results for the quarter ended in March - Earnings Summary

Reuters05-16

* European Wax Center Inc reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of nine analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 6 cents per share.

* Revenue rose 4% to $51.87 million from a year ago; analysts expected $51.90 million.

* European Wax Center Inc's reported EPS for the quarter was 6 cents​.

* The company reported quarterly net income of $2.82 million.

* European Wax Center Inc shares had fallen by 16.0% this quarter and lost 19.8% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 26.2% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the personal services peer group is also "buy"

Wall Street's median 12-month price target for European Wax Center Inc is $17.00 This summary was machine generated from LSEG data May 15 at 08:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Mar. 31 2024 0.05 0.09 Beat

Dec. 31 2023 0.08 0.12 Beat

Sep. 30 2023 0.09 0.12 Beat

Jun. 30 2023 0.11 0.11 Met

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