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

by · The Cerbat Gem

Mister Car Wash (NYSE:MCW – Get Free Report) 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 Price Performance

Shares of MCW traded up $0.42 during mid-day trading on Friday, hitting $7.93. The company’s stock had a trading volume of 4,089,017 shares, compared to its average volume of 1,658,960. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. The firm has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $6.84. The firm has a market capitalization of $2.55 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.03 and a beta of 1.64. Mister Car Wash has a 1-year low of $5.06 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $255.04 million during the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a return on equity of 10.05% and a net margin of 7.54%. Analysts predict that Mister Car Wash will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCW has been the subject of several recent analyst reports. UBS Group raised their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday. The Goldman Sachs Group raised their price objective 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Check Out Our Latest Stock Analysis on Mister Car Wash

About Mister Car Wash

(Get Free Report)

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.

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