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

Mayville Engineering

02/08/2024 23:57

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
August 6 for the period ending June 30 2024
    * The Mayville Wisconsin-based  company is expected to
report a
14.5% increase in revenue to $159.116 million from $138.98
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 19 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 $21.50​, above​ its last closing
price of $17.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.18        0.18       0.16      Missed  -8.7
 Dec. 31 2024  0.18        0.13       0.11      Missed  -17.4
 Jan. 1 0001   0.24        0.22                         -53.7​
 Jun. 30 2023  0.16        0.16                         -38.1
 ​​Jan.        0.19        0.19       0.12      Missed  -38.1
 1 0001                                                 
 Dec. 31 2022  0.14        0.13       0.12      Missed  -10.4​
 Jan. 1 0001   0.22        0.21       0.32      Beat    51.3
 Jun. 30 2022  0.30        0.31       0.29      Missed  -6.1
 This summary was machine generated August 2 at 22:57 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)