Mayville Engineering Company Inc expected to post a loss of 13 cents a share - Earnings Preview

Mayville Engineering

28/02/2025 21:40

Mayville Engineering Company Inc MEC.N, MEC is expected to show a fall in quarterly revenue when it reports  results on March 4 for the period ending December 31 2024

The Mayville Wisconsin-based  company is expected to report a 16.5% decrease in revenue to $124.134 million from $148.58 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.

​LSEG's mean analyst estimate for Mayville Engineering Company Inc is for a loss of 13 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ​

Wall Street's median 12-month price target for Mayville Engineering Company Inc is $21.00​, above​ its last closing price of $14.97. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Sep. 30 2024
0.20
0.21
0.14
Missed
-32.7
Jun. 30 2024
0.20
0.19
0.18
Missed
-6.4
Mar. 31 2024
0.19
0.18
0.16
Missed
-8.7​
Dec. 31 2023
0.18
0.13
0.11
Missed
-17.4
​​Sep. 30 2023
0.24
0.22
0.10
Missed
-53.7
Jun. 30 2023
0.16
0.16
0.08
Missed
-49.1​
Mar. 31 2023
0.19
0.19
0.12
Missed
-38.1
Dec. 31 2022
0.14
0.13
0.12
Missed
-10.4

This summary was machine generated February 28 at 21:40 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)