European Wax Center (EWCZ) to Release Earnings on Thursday

European Wax Center (NASDAQ:EWCZ - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. European Wax Center has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $59.87 million for the quarter, compared to analysts' expectations of $61.27 million. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. On average, analysts expect European Wax Center to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

European Wax Center Price Performance

EWCZ stock traded up $0.10 during trading on Thursday, reaching $7.95. 283,548 shares of the company were exchanged, compared to its average volume of 661,055. The company has a market capitalization of $476.84 million, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.58 and a beta of 1.11. European Wax Center has a twelve month low of $4.80 and a twelve month high of $16.07. The company has a 50-day moving average of $7.00 and a two-hundred day moving average of $8.83. The company has a debt-to-equity ratio of 3.18, a current ratio of 3.49 and a quick ratio of 2.72.

Analyst Ratings Changes

A number of brokerages have issued reports on EWCZ. Bank of America reduced their price objective on European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. Truist Financial lowered their target price on shares of European Wax Center from $16.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Robert W. Baird lowered their price target on European Wax Center from $13.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, August 15th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $8.00 target price on shares of European Wax Center in a research report on Friday, September 20th. Finally, Citigroup downgraded shares of European Wax Center from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, European Wax Center presently has an average rating of "Moderate Buy" and an average target price of $7.64.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.