Mayville Engineering Company Inc expected to post earnings of 18 cents a share - Earnings Preview

Mayville Engineering

03/05/2024 23:14

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
May 7 for the period ending March 31 2024
    * The Mayville Wisconsin-based  company is expected to
report a
11.7% increase in revenue to $159.347 million from $142.65
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 18 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 $19.00​, above​ its last closing
price of $13.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.18        0.13       0.11      Missed  -17.4
 Sep. 30 0001  0.24        0.22       0.10      Missed  -53.7
 Jan. 1 0001   0.16        0.16       0.08      Missed  -49.1​
 Jan. 1 0001   0.19        0.19       0.12      Missed  -38.1
 ​​Dec.        0.14        0.13       0.12      Missed  -10.4
 31 2022                                                
 Sep. 30 2022  0.22        0.21       0.32      Beat    51.3​
 Jan. 1 0001   0.30        0.31       0.29      Missed  -6.1
 Jan. 1 0001   0.13        0.13       0.19      Beat    43.7
 This summary was machine generated May 3 at 22:13 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)