Mayville Engineering Company Inc reports results for the quarter ended June 30 - Earnings Summary

Mayville Engineering

05/08/2025 23:37

Mayville Engineering Company Inc MEC.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 18 cents.  The mean expectation of four analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 2 cents to 10 cents per share.

Revenue fell 19.1% to $132.33 million from a year ago; analysts expected $137.98 million.

Mayville Engineering Company Inc's reported EPS for the quarter was a loss of 5 cents​.

The company reported a quarterly loss of $1.1 million.

Mayville Engineering Company Inc shares had risen by 3.1% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 41.5% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Mayville Engineering Company Inc is $21.00, about 20.4% above its last closing price of $16.72

This summary was machine generated from LSEG data August 5 at 10:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.05
-0.05
Missed
Mar. 31 2025
0.02
0.00
Missed
Dec. 31 2024
-0.13
-0.16
Missed
Sep. 30 2024
0.21
0.14
Missed