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

Mayville Engineering

01/03/2023 06:30

* 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 three analysts for the
quarter was for earnings of 13 cents per share.
    * Revenue rose 13.8% to $128.53 million from a year ago;
analysts
expected $123.72 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Mayville Engineering Company Inc shares had risen by 28.1%
this
quarter.
    * The company reported quarterly net income of $2.38
million.
    * Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $18.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 06:30 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.13           0.12           Missed
 Sep. 30 2022      0.21           0.32           Beat
 Jun. 30 2022      0.31           0.29           Missed
 Mar. 31 2022      0.13           0.19           Beat