Mister Car Wash (MCW) Set to Announce Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Mister Car Wash to post earnings of $0.08 per share for the quarter. Mister Car Wash has set its FY24 guidance at $0.30-0.34 EPS and its FY 2024 guidance at 0.300-0.340 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. The business had revenue of $255.04 million for the quarter, compared to the consensus estimate of $256.65 million. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $6.46 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. Mister Car Wash has a 1-year low of $4.80 and a 1-year high of $9.45. The company has a market capitalization of $2.06 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.93 and a beta of 1.64. The firm’s 50 day simple moving average is $6.46 and its two-hundred day simple moving average is $6.83.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.