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

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Mister Car Wash Stock Performance

Shares of NYSE:MCW traded up $0.17 during midday trading on Wednesday, hitting $6.65. The company had a trading volume of 1,789,643 shares, compared to its average volume of 1,633,204. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.93 and a beta of 1.64. Mister Car Wash has a 12-month low of $4.80 and a 12-month high of $9.45. The company has a fifty day moving average of $6.46 and a two-hundred day moving average of $6.83.

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