Mayville Engineering Company Inc expected to post earnings of 19 cents a share - Earnings Preview

Mayville Engineering

31/07/2021 03:02

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports results on
August 3. 
* The Mayville, Wisconsin-based company is expected to report 
 a 95.1% increase in revenue to $122.102 million from $62.58
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 19 cents per share. For the same
quarter last year, the company reported a loss of 35 cents per
share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 4 "strong buy" or
"buy," no "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 $24​, about 26.8% above​ its last
closing price of $17.57. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.11        0.10       0.12      Beat    24
 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.          -0.05​      -0.05      0.00      Beat    100​
 31​ 2020​                                              
 Dec. 31 2019  -0.22       -0.16      -0.08     Beat    50.4​
 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 July 31 at 02:01 GMT.  All
figures in US dollars unless otherwise stated