Mayville Engineering Company Inc expected to post earnings of 21 cents a share - Earnings Preview

Mayville Engineering

02/11/2024 03:49

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a fall in quarterly revenue when it reports  results on
November 5 for the period ending September 30 2024
    * The Mayville Wisconsin-based  company is expected to
report a
0.4% decrease in revenue to $157.606 million from $158.22
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Mayville Engineering
Company
Inc is for earnings of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 27.00​, above​ its last closing price
of $21.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.20        0.19       0.18      Missed  -6.4
 Jan. 1 2024   0.19        0.18       0.16      Missed  -8.7
 Dec. 31 2023  0.18        0.13       0.11      Missed  -17.4​
 Sep. 30 2023  0.24        0.22       0.10      Missed  -53.7
 ​​Jun.        0.16        0.19       0.08      Missed  -49.1
 30 2023                                                
 Jan. 1 0001   0.19        0.19       0.12      Missed  -38.1​
 Dec. 31 2022  0.14        0.13       0.12      Missed  -10.4
 Sep. 30 2022  0.22        0.21       0.32      Beat    51.3
 This summary was machine generated November 2 at 03:48 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)