Beauty and waxing service franchise European Wax Center (NASDAQ: EWCZ) will be reporting results this Wednesday before market hours. Here’s what you need to know.
European Wax Center beat analysts’ revenue expectations last quarter, reporting revenues of $54.19 million, down 2.2% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS and EBITDA estimates.
Is European Wax Center a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting European Wax Center’s revenue to decline 7.8% year on year, improving from the 11.7% decrease it recorded in the same quarter last year.
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. European Wax Center has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at European Wax Center’s peers in the consumer discretionary - leisure facilities segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 3.5%, and Planet Fitness reported revenues up 10.5%, topping estimates by 2.4%. Live Nation traded up 3.3% following the results while Planet Fitness was down 11.8%.
Read our full analysis of Live Nation’s results here and Planet Fitness’s results here.
Investors in the consumer discretionary - leisure facilities segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. European Wax Center is up 39.8% during the same time.
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