Mister Car Wash (NYSE:MCW) Releases FY24 Earnings Guidance

Mister Car Wash (NYSE:MCW) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.35-0.36 for the period, compared to the consensus estimate of $0.34. The company issued revenue guidance of $988-995 million, compared to the consensus revenue estimate of $989.46 million.

Mister Car Wash Stock Performance

Shares of MCW traded up $0.17 during trading hours on Wednesday, reaching $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 P/E ratio of 29.45, a P/E/G ratio of 1.93 and a beta of 1.64. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. Mister Car Wash has a 12-month low of $4.80 and a 12-month high of $9.45. The business has a fifty day moving average price of $6.46 and a 200-day moving average price of $6.83.

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

Analyst Upgrades and Downgrades

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