Mister Car Wash (NYSE:MCW) Issues FY 2024 Earnings Guidance

Mister Car Wash (NYSE:MCW) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.350-0.360 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $988.0 million-$995.0 million, compared to the consensus revenue estimate of $989.4 million. Mister Car Wash also updated its FY24 guidance to $0.35-0.36 EPS.

Mister Car Wash Stock Performance

NYSE:MCW traded up $0.17 during trading hours on Wednesday, hitting $6.65. 1,789,643 shares of the company traded hands, compared to its average volume of 1,633,204. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 1.93 and a beta of 1.64. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $9.45. The firm has a 50-day moving average of $6.46 and a 200 day moving average of $6.83. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. On average, analysts forecast that Mister Car Wash will post 0.27 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.