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

Mayville Engineering

02/05/2023 22:02

* Mayville Engineering Company Inc  MEC.N  reported
quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 19 cents per share.
    * Revenue rose 4.7% to $142.65 million from a year ago;
analysts
expected $140.23 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 26%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Mayville Engineering Company Inc shares had fallen
by 19.6% this
quarter and lost 5.3% so far this year.
    * The company reported quarterly net income of $2.57
million.
    * Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $18.00 
    * 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 from LSEG Refinitiv data May
2 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.31           0.29           Missed