5 Stocks in Focus After Posting Their Earnings Reports

In this article, we discuss the 5 stocks in focus after posting their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks in Focus After Posting Their Earnings Reports.  

5. Mister Car Wash, Inc. (NYSE:MCW)

Number of Hedge Fund Holders: 25

Shares of Mister Car Wash, Inc. (NYSE:MCW) slightly moved down after the opening bell on Friday, March 25, 2022, despite announcing better-than-expected profit and sales for the fourth quarter.

Mister Car Wash, Inc. (NYSE:MCW) reported adjusted earnings of 10 cents per share, up from 6 cents per share in the fourth quarter of 2020. Revenue jumped 18.2 percent on a year-over-year basis to $191.5 million.

The results exceeded the consensus of 8 cents per share for earnings and $188.68 for revenue. Among other updates, Mister Car Wash, Inc. (NYSE:MCW) reported that it opened 36 new car wash sites during the fourth quarter.

Looking forward, Mister Car Wash, Inc. (NYSE:MCW) expects adjusted earnings in the range of 44 – 47 cents per share and revenue between $875 – $895 million for the current fiscal year.

Discussing the results, CEO John Lai said:

“We are pleased with the way we closed 2021 and the strong start we are seeing in 2022. Demand for our services remains healthy as more motorists value the convenience of professional car washing and the ease of being an Unlimited Wash Club member.”