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

Mayville Engineering

01/03/2024 22:18

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
March 5 for the period ending December 31 2023
    * The Mayville Wisconsin-based  company is expected to
report a
18.5% increase in revenue to $152.305 million from $128.53
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Mayville Engineering
Company
Inc is for earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $18.00​, above​ its last closing
price of $12.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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
 ​​Sep.        0.22        0.21       0.32      Beat    51.3
 30 2022                                                
 Jun. 30 2022  0.30        0.31       0.29      Missed  -6.1​
 Mar. 31 2022  0.13        0.13       0.19      Beat    43.7
 Dec. 31 2021  0.01        -0.01      0.12      Beat    1,433.
                                                        3
 This summary was machine generated March 1 at 22:18 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)