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

Mayville Engineering

29/10/2022 01:44

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
November 1. 
    * The Mayville Wisconsin-based  company is expected to
report  a
17.6% increase in revenue to $128.243 million from $109.02
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 21 cents per share. 
    * The current average analyst rating on the shares is
"strong 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 $12​, above​ its last closing price
of $6.71. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.01        -0.01      0.12      Beat    1,433.
                                                        3​
 Sep. 30 2021  0.11        0.13       0.01      Missed  -92.4
 ​​Jun.        0.19        0.19       0.16      Missed  -17
 30 2021                                                
 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
 This summary was machine generated October 29 at 00:44 GMT.  All
figures in US dollars  unless otherwise stated