Mayville Engineering Company Inc expected to post earnings of 16  cents a share - Earnings Preview

Mayville Engineering

29/07/2023 03:04

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
August 1. 
    * The Mayville Wisconsin-based  company is expected to
report  a
5.1% increase in revenue to $145.366 million from $138.34
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Mayville
Engineering
Company Inc is for earnings of 16 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 $18.5​, above​ its last closing price
of $12.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.19        0.19       0.12      Missed  -38.1
 Dec. 31 2023  0.14        0.13       0.12      Missed  -10.4
 Sep. 30 2022  0.22        0.21       0.32      Beat    51.3​
 Jun. 30 2022  0.30        0.31       0.29      Missed  -6.1
 ​​Mar.        0.13        0.13       0.19      Beat    43.7
 31 2022                                                
 Dec. 31 2021  0.01        -0.01      0.12      Beat    1,433.
                                                        3​
 Sep. 30 2021  0.11        0.13       0.01      Missed  -92.4
 Jun. 30 2021  0.19        0.19       0.16      Missed  -17
 This summary was machine generated July 29 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated