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

Mayville Engineering

29/04/2023 03:06

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
May 2. 
    * The Mayville Wisconsin-based  company is expected to
report  a
2.9% increase in revenue to $140.232 million from $136.25
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. 
    * 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 had fallen by
about 7.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $18​, above​ its last closing price
of $12.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.13        0.13       0.19      Beat    43.7
 ​​Dec.        0.01        -0.01      0.12      Beat    1,433.
 31 2021                                                3
 Sep. 30 2021  0.11        0.13       0.01      Missed  -92.4​
 Jun. 30 2021  0.19        0.19       0.16      Missed  -17
 Mar. 31 2021  0.11        0.10       0.12      Beat    24
 This summary was machine generated April 29 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated