Mayville Engineering Company Inc expected to post a loss of 1cent a share - Earnings Preview

Mayville Engineering

26/02/2022 24:54

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
March 1. 
    * The Mayville Wisconsin-based  company is expected to
report  a
15.6% increase in revenue to $110.182 million from $95.34
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Mayville
Engineering
Company Inc is for a loss of 1 cent per share. For the same
quarter last year, the company reported earnings of 5 cents per
share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "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 $15​, about 31.2% above​ its last
closing price of $10.32. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.11        0.13       0.01      Missed  -92.4
 Jun. 30 2021  0.19        0.19       0.16      Missed  -17
 Mar. 31 2021  0.11        0.10       0.12      Beat    24​
 Dec. 31 2020  0.01        0.01       0.05      Beat    420.8
 ​​Sep.        -0.03       -0.04      -0.05     Missed  -16.8
 30 2020                                                
 Jun. 30 2020  -0.24       -0.23      -0.35     Missed  -49.8​
 Mar. 31 2020  -0.05       -0.05      0.00      Beat    100
 Dec. 31 2019  -0.22       -0.16      -0.08     Beat    50.4
 This summary was machine generated February 26 at 00:54 GMT. 
All figures in US dollars  unless otherwise stated