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

Mister Car Wash (NYSE:MCW) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.350-0.360 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

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

Mister Car Wash Trading Up 2.6 %

Shares of MCW traded up $0.17 during trading hours on Wednesday, hitting $6.65. 1,789,643 shares of the stock traded hands, compared to its average volume of 1,633,204. The business has a fifty day moving average of $6.46 and a 200-day moving average of $6.83. The firm has a market capitalization of $2.14 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. 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 has a 1-year low of $4.80 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $255.04 million during the quarter, compared to the consensus estimate of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. Analysts expect that Mister Car Wash will post 0.27 EPS for the current year.

About Mister Car Wash

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.