Mister Car Wash Revises FY24 EPS From $0.30-$0.34 To $0.35-$0.36 Vs $0.33 Est.; Revenue From $988M-$1.016B To $988M-$995M Vs $989.43M Est.
Portfolio Pulse from Benzinga Newsdesk
Mister Car Wash has revised its fiscal year 2024 guidance, increasing its EPS estimate to $0.35-$0.36 from $0.30-$0.34, and narrowing its revenue forecast to $988M-$995M from $988M-$1.016B. The company also expects higher adjusted net income and EBITDA, with comparable-store sales growth projected at 2.0%-2.5%.
October 30, 2024 | 8:28 pm
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Mister Car Wash has revised its FY24 EPS guidance upwards to $0.35-$0.36, indicating improved profitability expectations. Revenue guidance is narrowed to $988M-$995M, slightly below previous estimates, but with higher adjusted net income and EBITDA.
The upward revision in EPS guidance suggests improved profitability, which is a positive signal for investors. Although revenue guidance is slightly narrowed, the increase in adjusted net income and EBITDA indicates strong operational performance. This is likely to have a positive short-term impact on MCW's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100