Mayville Engineering Company Inc reports results for the quarter ended in December - Earnings Summary

Mayville Engineering

02/03/2022 04:45

* Mayville Engineering Company Inc  MEC.N  reported
quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in December. The mean expectation of four analysts for the
quarter was for a loss of one cent per share.
    * Revenue rose 18.5% to $112.98 million from a year ago; 
analysts
expected $110.18 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was a loss of 66 cents​.
    * The mean earnings estimate of analysts had fallen by
about 194.7% in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Mayville Engineering Company Inc shares had fallen
by 30.7% this
quarter.
    * The company reported a quarterly loss of $13.56 million.
    * Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $15.00 
    * 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." 

This summary was machine generated March 2 at 04:44 a.m.  ​All
figures in US dollars unless otherwise stated