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

Mayville Engineering

01/11/2022 23:05

* Mayville Engineering Company Inc  MEC.N  reported
quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 21 cents per share.
    * Revenue rose 25% to $136.28 million from a year ago;
analysts
expected $128.24 million. 
    * Mayville Engineering Company Inc's reported EPS for the
quarter
was 32 cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Mayville Engineering Company Inc shares had risen by 2.2%
this
quarter and lost 55.4% so far this year.
    * The company reported quarterly net income of $6.6 million.
    * Wall Street's median 12-month price target for Mayville
Engineering Company Inc is $12.00 
    * 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 from Refinitiv data November
1 at 11:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      -0.01          0.12           Beat