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

Mayville Engineering

04/08/2021 24:28

* Mayville Engineering Company Inc  MEC.N  reported quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 19 cents per share.
* Revenue rose 92.1% to $120.21 million from a year ago; 
analysts expected $122.10 million. 
* Mayville Engineering Company Inc's reported EPS for the
quarter was 16 cents​.
* The mean earnings estimate of analysts had risen by
about 23.9% 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 fallen by 13.9%
this quarter and gained 29.0% so far this year.
* The company reported quarterly net income of $3.29 million.
* Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $24.00 
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
This summary was machine generated August 3 at 11:27 p.m.  ​All
figures in US dollars unless otherwise stated