Mayville Engineering Company Inc expected to post earnings of 10  cents a share - Earnings Preview

Mayville Engineering

01/05/2021 03:03

* Mayville Engineering Company Inc  MEC.N   MEC  is expected to
show a fall in quarterly revenue when it reports results on May
4.
* The Mayville, Wisconsin-based company is expected to report  a
1.3% decrease in revenue to $107.206 million from $108.61
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 earnings of 10 cents per share. For the same
quarter last year, the company reported breakeven results per
share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts had risen by
about 71.4% in the last three months.​
* Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $19​, about 17.8% above​ its last
closing price of $15.61. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.01        0.01       0.05      Beat    420.8
 Sep. 30 2020  -0.03       -0.04      -0.05     Missed  -16.8
 Jun. 30 2020  -0.24       -0.23      -0.35     Missed  -49.8​
 Mar. 31 2020  -0.05       -0.05      0.00      Beat    100
 Dec.          -0.22​      -0.16      -0.08     Beat    50.4​
 31​ 2019​                                              
 Sep. 30 2019  0.31        0.32       0.49      Beat    53.3​
 Jun. 30 2019  0.30        0.28       0.29      Beat    4.7
 This summary was machine generated May 1 at 02:03 GMT.  All
figures in US dollars unless otherwise stated