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 Trading Up 5.6 %

Shares of MCW traded up $0.42 during mid-day trading on Friday, reaching $7.93. The company had a trading volume of 4,089,017 shares, compared to its average volume of 1,658,960. Mister Car Wash has a fifty-two week low of $5.06 and a fifty-two week high of $9.45. The firm has a fifty day simple moving average of $6.50 and a 200-day simple moving average of $6.84. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.03 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 (NYSE:MCW) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Mister Car Wash had a return on equity of 10.05% and a net margin of 7.54%. The company had revenue of $255.04 million for the quarter, compared to the consensus estimate of $256.65 million. On average, sell-side analysts anticipate that Mister Car Wash will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCW. The Goldman Sachs Group raised their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

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.