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

Mayville Engineering

02/08/2023 22:19

* Mayville Engineering Company Inc  MEC.N  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June. The mean expectation of five analysts for the quarter
was for earnings of 16 cents per share.
    * Revenue rose 0.5% to $138.98 million from a year ago;
analysts
expected $145.37 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.3%
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 fallen by 2.3%
this
quarter and lost 3.9% so far this year.
    * The company reported quarterly net income of $1.61
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.16           0.08           Missed
 Mar. 31 2023      0.19           0.12           Missed
 Dec. 31 2022      0.13           0.12           Missed
 Sep. 30 2022      0.21           0.32           Beat