European Wax Center Inc reports results for the quarter ended June 30 - Earnings Summary

• European Wax Center Inc EWCZ.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of eight analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 14 cents to 19 cents per share.

• Revenue fell 6.6% to $55.91 million from a year ago; analysts expected $56.89 million.

• European Wax Center Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $3.75 million.

• European Wax Center Inc shares had fallen by 21.7% this quarter and lost 33.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 34.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and 1 "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 $6.00, about 26.5% above its last closing price of $4.41

This summary was machine generated from LSEG data August 13 at 01:31 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)