A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible."
His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the leisure facilities industry, including European Wax Center (NASDAQ:EWCZ) and its peers.
Looking back on leisure facilities stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Live Nation (NYSE:LYV) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q3, starting with Sphere Entertainment (NYSE:SPHR).
Looking back on leisure facilities stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Topgolf Callaway (NYSE:MODG) and its peers.
Let’s dig into the relative performance of European Wax Center (NASDAQ:EWCZ) and its peers as we unravel the now-completed Q3 leisure facilities earnings season.
European Wax Center has gotten torched over the last six months - since June 2024, its stock price has dropped 48.2% to $5.34 per share. This might have investors contemplating their next move.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AMC Entertainment (NYSE:AMC) and its peers.
Beauty and waxing service franchise European Wax Center (NASDAQ:EWCZ) reported Q3 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $55.43 million. The company expects the full year’s revenue to be around $218.5 million, close to analysts’ estimates. Its GAAP profit of $0.05 per share was in line with analysts’ consensus estimates.
Beauty and waxing service franchise European Wax Center (NASDAQ:EWCZ) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
