Mayville Engineering Company Inc expected to post earnings of 31  cents a share - Earnings Preview

Mayville Engineering

30/07/2022 03:15

* Mayville Engineering Company Inc  MEC.N   MEC  is expected
to show a rise in quarterly revenue when it reports  results on
August 2. 
    * The Mayville Wisconsin-based  company is expected to
report  a
15.0% increase in revenue to $138.214 million from $120.21
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 31 cents per share. For the same
quarter last year, the company reported earnings of 16 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 $13​, above​ its last closing price
of $7.14. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.13        0.13       0.19      Beat    43.7
 Dec. 31 2022  0.01        -0.01      0.12      Beat    1,433.
                                                        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.        0.11        0.10       0.12      Beat    24
 31 2021                                                
 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
 This summary was machine generated July 30 at 02:15 GMT.  All
figures in US dollars  unless otherwise stated