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

Mayville Engineering

04/05/2022 01:37

* Mayville Engineering Company Inc  MEC.N  reported
quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 13 cents per share.
    * Revenue rose 21% to $136.25 million from a year ago; 
analysts
expected $122.58 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.5%
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 11.0% this
quarter and lost 44.1% so far this year.
    * The company reported quarterly net income of $3.82
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 May 4 at 12:37 a.m.  ​All
figures in US dollars unless otherwise stated