Mister Car Wash (MCW) Scheduled to Post Quarterly Earnings on Wednesday

Mister Car Wash (NYSE:MCW) will release its earnings data 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.Investors interested in listening to the company’s conference call can do so using this link.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business 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%. 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 Stock Up 0.5 %

MCW opened at $6.50 on Tuesday. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $9.45. The company’s 50-day moving average price is $6.46 and its two-hundred day moving average price is $6.83. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 28.24, a PEG 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.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price target on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.